Baku, Azerbaijan, Jan. 14
By Emil Ilgar – Trend:
Iran says it doesn’t have any unsold oil stored on tankers at sea.
“Even a barrel of oil is not stored on water,” Pirouz Mousavi, the managing director of Iranian Oil Terminals Company (IOTC), told Mehr Jan. 14.
Recently, Reuters reported that Tehran has been aggressively marketing oil from its offshore storages.
“It has sold more than 13 million barrels of oil that it had long held on tankers at sea,” Reuters reported last week.
According to Reuters, Iranian crude and condensate exports last month hit a five-month low of around 2.34 million bpd, down 4 percent from the previous month.
“Iranian oil exports to Asia last month fell about 18 percent from November to a nine-month low of 1.43 million bpd, as all major importers except for India cut their purchases.”
The report added that loadings for Europe rose by 14 percent from November to nearly 800,000 bpd, topping levels seen prior to the imposition of toughened Western sanctions in 2012.