Iran confirms 40 percent-drop in oil export

Iran Materials 8 January 2013 01:51 (UTC +04:00)

Azerbaijan, Baku, Jan.8 /Trend D.Khatinoglu‎‏/

Iran's oil export has decreased by 40 percent during last 9 month, spokesman of Iran's parliamentary budget commission Gholam-Reza Kateb quoted Iranian Oil Minister Rostam Qasemi saying.

Kateb told ISNA that Qasemi said during a meeting in parliament that the other problem is the payments issue, there is 45 percent decrease in revenue collection and transferring the crude oil and condensate incomes into the country.

Iran's oil export reportedly has dropped significantly after western sanctions on Iran's oil expot. The EU, which had bought 18 percent of Iran's exported oil in 2011, halted purchasing crude oil from Iran. China, Japan, South Korea, India and Turkey as Iran's major oil importers have decreased Iranian crude oil from 15 percent to above 40 percent during 2012.

According to IEA report Iran's oil export dropped from 2.2 mbpd in 2011 to around one million barrels in 2012.