A report published in the Iranian media shows that crude oil exports from the country have remained at levels above 1 million barrels per day (bpd) since the start of the calendar year in late March
The Tuesday report by the semi-official Fars news agency cited figures by the Iranian Oil Ministry’s fuel department and said that crude consumption in Iranian refineries had not exceeded an average of 1.7 million bpd since March
It said that the rest of the Iranian crude production of nearly 2.55 million bpd, in addition to around 200,000 bpd of condensate, which is a very light form of crude oil, had been supplied to foreign customers over the period
The report cited figures by the Organization of Petroleum Exporting Countries (OPEC) about the average daily crude production in Iran. It also referred to statements by Iranian Oil Minister Javad Owji and other officials suggesting a surge in overseas shipments of condensate in recent months.Iran will own shares in 3 Latin American refineries: ReportIran’s Oil Ministry will own shares in three refineries in Latin America region, shows reports
The figures comes amid reports suggesting that Iranian supply of crude to private buyers in China have declined in recent months following Russia’s decision to reroute its oil shipments to Asia because of US and European Union sanctions that have been imposed on the Moscow following the war in Ukraine