Lifting insurance ban on Iran will not boost oil exports: official
Baku, Azerbaijan, Jan.21
By Fatih Karimov - Trend:
Lifting the insurance ban on Iran will not help the country boost oil exports, the Mehr News Agency quote National Iranian Oil Company's director for international affairs Mohsen Qamsari as saying on January 21.
If the entire sanctions on the country are removed, a rise in oil exports will be possible, he said.
The Geneva deal just lifts some insurance bans partial, he noted.
For the time being, Iran's oil exports vary between 900,000 barrels per day and one million bpd he said, adding that the figure is not expected to change notably in the short term.
On January 12, Qamsari said the implementation of the Geneva nuclear deal will pave the way for an increase in Iran's oil exports, the IRIB News Agency reported.
"All customers of Iran's oil are waiting for the deal to come into force," Qamsari said.
"Iran exported around 1.2 million barrels of gas condensates per day in the previous year," he said, adding that the figure has reached to 1.4 million barrels in the current year.
Reuters last month quoted an Iranian oil official as saying that the country exported 600,000 barrels of oil per month (21.3 million litres per day) in the first three quarters of the current year.
Former Deputy Oil Minister Alireza Zeyqami also said on May 4 that Iran daily exports 20 million tons of various oil products.
Iran's exports of crude oil and lease condensate in 2012 have dropped to their lowest level since 1986 as the United States and the European Union tightened sanctions targeting Iran's oil sector, according to the U.S Energy Information Administration report released in April 2013.