Baku, Azerbaijan, Mar. 30
By Dalga Khatinoglu – Trend:
Iran’s oil export reached close to 3 million barrels per day (mb/d) in the last months of the current Iranian fiscal year (Feb.21, 2016-Mar.20, 2017), Iran’s Oil Minister Bijan Zanganeh said.
He told state TV, IRIB, on March 30 that the exported volume includes gas condensate as well.
According to him, Iran’s oil and gas condensate export increased to 2.3 mb/d in mid-fall and soared to 2.8 mb/d in winter.
Iran’s crude oil and gas condensate export was about 2.5 mb/d before Iran got hit with sanctions dur to its nuclear program in 2012. During the sanctions era, the volume decreased to about 1.2 mb/d.
Iran and P5+1 Group (US, UK, France, Russia, China + Germany) reached a nuclear agreement, which was implemented in January 2016 and removed on Iran.
A part of Iran’s oil and gas condensate export rise after elimination of sanctions backs to selling the stored petroleum on tankers.
The head of National Iranian Oil Company Ali Kardor said in February that before elimination of sanctions, about 75 mb of unsold gas condensate had been stored on tankers, but currently the volume declined to 25 mb and it is expected to reach zero by May 2017.
Currently, Iran produces 3.8 mb/dof crude oil and 560,000 b/d of gas condensate.
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