Baku, Azerbaijan, Aug. 1
By Emil Ilgar – Trend:
Iran increased July oil exports by 45,000 barrels per day (b/d), bringing them to 2.2 mb/d month-to-month, Oil Ministry’s news website Shana reported Aug.1.
According to the report, Iran’s oil exports to Asia increased by 0.1 mb/d to 1.4 mb/d.
The report didn’t mention the exports volume for July 2016. It also didn’t elaborate whether the volumes mentioned included gas condensate.
Nonetheless, according to Reuters’ calculation, Iran’s oil exports to Asia stood at 1,457,017 b/d, the lowest volume in last 14 months, including gas condensate.
Iran’s oil and gas condensate exports plunged from 2.5 mb/d in 2011 to about 1.2 mb/d in 2015, but the volume increased gradually after the implementation of the nuclear deal in January 2016.