Official: Iran has no crude oil stored on water
Azerbaijan, Baku, Jun.19/ Trend F.Karimov/
Iran has no crude oil in floating storage tanks and no Iranian crude oil is without a customer, the Mehr News Agency quoted Iran Oil Terminals Company managing director Pirouz Mousavi as saying.
On June 12, the International Energy Agency (IEA) said the country was holding about 30 million barrels of oil in floating storage at the end of last month, a level unchanged from April. Iranian crude output rose by 30,000 barrels a day in May to 2.68 million barrels a day, it said.
Mousavi also rejected rumours about a stoppage of Iranian crude oil due to dust storms around the Persian Gulf, saying that despite the tough climate in the regions, crude oil exports are being carried out.
The U.S. last week renewed 180-day waivers from sanctions for nine countries, including China, India and South Korea. The U.S. Congress may tighten measures against Iran and is discussing ways of making it tougher for buyers of Iranian crude to receive waivers, the IEA said.
Such measures might specify more clearly how much oil from Iranian buyers must forego to avoid penalties, the agency said. That would replace the current 'vague' definitions that buyers must show they 'significantly reduced' purchases," the IEA said.
Iranian crude output rose by 30,000 barrels a day in May to 2.68 million barrels a day, the IEA said. The country was holding about 30 million barrels of oil in floating storage at the end of last month, a level unchanged from April, it said.
The U.S. and its allies are restricting Iran's oil exports, the country's largest revenue source, and targeting its financial industry to pressurise the Islamic republic to stop enriching uranium. The curbs have cut Iran's oil exports by more than half to an average of one million barrels a day in the first five months of the year, according to the IEA.