Oil exports in Iran at 2.1 m/bpd in June

Iran says its exports of crude oil reached 2.1 million barrels per day (m/bpd) in June. Yet, a top official in Tehran says the figure is still at least 0.4 m/bpd less than the average volume of oil exports of the country before the US-engineered sanctions were imposed against it.

Mohsen Qamsari, the director for international affairs of the National Iranian Oil Company (NIOC), told reporters that Iran’s total exports of crude oil and condensate reached 2.74 m/bpd in June. The figure, Qamsari added, includes 0.6 m/bpd of condensate. 

“The status of Iran’s oil exports is good but they have not yet reached the pre-sanctions levels,” he has been quoted as saying by Shana news agency. 

“Iran’s exports of condensate in those years were lower than today’s levels,” emphasized the official. “Nonetheless, the total volume of the exports of oil and condensate presently is the same as that of pre-sanctions years.”

Qamsari further said that most of Iran’s old clients have resumed purchasing oil from the country. He added that negotiations are nevertheless underway with a number of Asian clients over new sales contracts. 

SS