Iran oil sales hit 2.8mn bpd

Deputy Iranian oil minister said a daily average of 2.83 million barrels of crude oil and gas condensate were exported in the previous Iranian calendar month (ended December 20, 2016).

On the latest status of crude and gas condensate exports, Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia said the average figure for the first nine months of the current Iranian calendar year (began March 21, 2016) stood at about 2.570 thousand barrels per day.

The official noted that exports of crude and gas condensate climbed to over 2.83 million barrels per day in the earlier Iranian month (November 21-December 20, 2016); “in other words, Iran’s oil industry exports figure has experienced a twofold rise as compared to sanction years.”


He emphasized that following sanctions removal in the past year, oil sale revenues have been received smoothly from customers; “the country’s oil income in the nine-month period amounted to about 29 billion dollars while, in view of the recent oil freeze deal by OPEC members in Vienna, the figure is expected to increase further.”

Zamaninia noted that all sanctions against Iranian tankers had been cancelled underlining that “presently, Iranian oil tankers perceive no restriction for use of flags of different countries and purchase of parts and equipment is being done with ease and at lower costs both at home and abroad.”

He pointed to release of Iran’s blocked facilities in various foreign firms like Germany’s Siemens reiterating that “buying equipment from original manufacturers has significantly lowered the costs.”

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