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Iraq, Oman, Kuwait seeking Iranian maintenance expertise in oil industry

Oil&Gas Materials 16 June 2014 16:44 (UTC +04:00)

Baku, Azerbaijan, June 16

By Fatih Karimov - Trend:

Iraq, Oman, and Kuwait are seeking Iranian expertise in maintenance of oil industry equipment.

Hossein Kaveh-Pishqadam, member of the Iranian oil industry equipment producers union, said that negotiations are underway with Iraq in this regard, Iran's IRNA news agency reported on June 16.

Iranian companies have aready carried out maintenance operations in Omani refineries, he said, adding that Kuwait has voiced interest in using Iranian workforce in maintenance operations at their refineries.

Iranian Oil Minister Bijan Zanganeh has said that the country is exporting 1.2 million barrels of crude oil and 300,000 barrels of condensate a day.

U.S. officials say Iran consistently inflates trade figures to create an illusion that sanctions are crumbling.

Using customs and ship-tracking data to assess Iran's oil export quantities is complicated by the fact that crude and condensates can be transported by the same type of tanker or blended together and that some countries combine the two in their import data.

Condensate, a light petroleum liquid often found with oil or gas, is not restricted by U.S. sanctions as long as the buyer nation was granted a waiver from the sanctions by reducing the amount of crude oil it buys from Iran.

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