Azerbaijan, Baku, Sep.3/ Trend F.Milad/
The situation of Iran in exporting oil and gas is ordinary and no propaganda by foreign media will affect the situation, National Iranian Oil Company's director for international affairs Mohammad-Ali Khatibi said.
Khatibi rejected some news about halting Iranian oil exports to Japan, saying oil sales is underway to the eastern Asian nation, the ISNA news agency reported.
On Friday, Reuters cited Japan's trade ministry data indicating that Japan's imports of Iranian crude oil fell to zero in July as Iran's No.3 oil buyer held back from loading cargoes from the Middle Eastern country to avoid contravening a European Union ban on insurance imposed from the beginning of last month.
On August 27, Khatibi, who is also Iran's representative to the Organization of Petroleum Exporting Countries (OPEC), said that supply and demand are balanced and a little surplus may exist in the oil market.
"Supply and demand, geopolitical and psychological issues are determining the oil price in international markets," Khatibi told the Shana news agency.
He also said Iran is selling crude oil to its traditional buyers as usual according to official rates.
Khatibi said on June 18 that if the current level of production continues, the market may face a surplus in crude storage in the second half of the year.
The OPEC's output is currently at around 31.5 million barrels. He added that the existing levels of storage both on land and sea are high and grew compared to the last year, he noted.
OPEC decided on June 14 to keep its current output of 30 million barrels a day, citing bad global economy conditions.