Iran slips to 8-th spot as OPEC's oil exporter
Tehran, Iran, July 21
By Dalga Khatinoglu - Trend:
Iran's crude oil export dropped by 42.2 percent to 1.25 million barrels in 2013.
According to the OPEC's Annual Bulletin, released on July 19, Iran's crude oil export was 2.537 million barrels per day in 2011, before the West imposed tough sanctions on Iran.
The crude oil in OPEC statistics includes a mixture of hydrocarbons that exist in a liquid phase in natural underground reservoirs and remains liquid at atmospheric, then it consists of crude oil, gas condensate, NGLs, etc.
Before sanctions took effect in mid-2012, Iran was both the second major oil exporter and producer of OPEC.
In 2013 Iran stood after Saudi Arabia (7.571 mbpd), Iraq (2.390), Kuwait (2.058 mbpd), United Arab Emirates (2.701 mbpd), Angola (1.669 mbpd), Nigeria (2.195 mbpd) and Venezuela (1.937 mbpd) as OPEC's biggest oil exporters.
Iran's total petroleum export revenues, including the products obtained from the processing of crude oil, unfinished oils, NGLs and other hydrocarbon compounds.
These include aviation gasoline, motor gasoline, naphtha, kerosene, jet fuel, distillate fuel oil, residual fuel oil, liquefied petroleum gas, lubricants, paraffin wax, petroleum coke, asphalt and other products.
Excluding NGLs, Iran's pure crude oil and gas condensate exports was 1.07 mbpd in 2013, according to the International Energy Agency.
OPEC's monthly reports indicate that Iran's crude oil (excluding NGLs and gas condensate) is about 2.7 mbpd.