Iran’s oil stockpile stored on tankers down 3 times
Baku, Azerbaijan, Feb. 4
By Emil Ilgar – Trend:
Iran says its unsold gas condensate stockpile on tankers decreased by 3 times after elimination of sanctions in January 2016.
“During the sanctions era, about 75 million barrels of ultra-light oil (gas condensate) were stored on tankers, but the volume has decreased to 25 mb as of now and would reach zero by April 20,” Shana quoted Ali Kardor, head of National Iranian Oil Company, as saying Feb.4.
Kardor added that the country’s oil and gas condensate exports stand at 2.3 mb/d and 650,000 b/d, respectively.
“The total amount of oil and gas condensate export volume would reach 3 mb/d by March 20,” he said.
He added that the country’s total crude oil output also would reach 4 mb/d.
However, Iran has obliged to increase its oil output by 90,000 b/d in 1H17 to 3.979 mbm/d, according to a deal, OPEC members achieved Nov.30, 2016.
Eleven members of OPEC are also obliged to decrease the output by 1.2 mb/d to 32.5 mb/d.
Libya and Nigeria were not included to the deal.