oil exports

  • Iran's export of crude oil and gas condensate amounted to nearly 1 billion barrels in 2017 in a year that OPEC and other producers stepped up efforts to keep a lid on supplies and drain bloated inventories.

  • Iran produces about 4 million barrels oil per day, half of which is exported to European countries, an official said.

  • Iran's oil exports to the West surged in May to their highest level since the lifting of sanctions in early 2016 and almost caught up with volumes exported to Asia, a source familiar with Iranian oil exports said, Reuters reported.

  • Iranian deputy oil ministry Hossein Zamani-Nia said Apr.16 that $50-80B worth of foreign investment is expected to be attracted to Iran’s energy projects, including $10B into the petrochemical sector in near future.

  • Iran expects increase in its crude oil exports to the European countries during the next two months, Ali Kardor, the country’s deputy oil minister, said.

  • The First Vice-President Eshaq Jahangiri said that Iran will soon turn into an exporter of gas oil.

  • President of Middle-East & North-Africa Total Exploration & Production, Stephane Michel, said on Saturday that oil giants are in competition to come back to Iranian market.

  • Director for International Affairs of National Iranian Oil Company (NIOC) Mohsen Qamsari acknowledged continuation of Iran's crude oil export to Europe and said that NIOC is trying to turn spot contracts to long-term contracts to European customers.

  • Iran has resumed oil exports to Greece, shipping 60,000 barrels per day to one of Europe's main buyers of Iranian oil before the West banned crude purchases from Tehran.