Iran sells all of its oil stored on water
Baku, Azerbaijan, Apr. 3
By Emil Ilgar – Trend:
Iran has sold all of its oil and gas condensate storage on tankers, Shana news agency reported Apr.3.
According to the report, currently Iran doesn’t have any unsold oil and gas condensate storage on water.
Before, the head of National Iranian Oil Company Ali Kardor said that Iran had about 75 million barrels (mb)of oil and gas condensate storage on water in Persian Gulf, but currently the volume has reached 25 mb and it is expected the volume will reach zero by May.
Iran’s oil and gas condensate export plunged from 2.5 mb/d to 1.2 mb/d thanks to the sanctions imposed due to the Islamic Republic's nuclear program. Following the elimination of sanctions, the country resumed the export of oil.
Shana news agency reported that the country exported 3.05 mb/d of oil and gas condensate, including 2.265 mb/d of crude oil during the last month of Iran’s fiscal year (ended on March 20).