Oil Exports of Iran Increase in spite of US Sanctions

ArticleEnergyJune 6, 2018 - 7:04:17 AM

Iran's crude oil exports reached 2.7 million barrels a day while the United States withdrew from the Iranian nuclear agreement and re-imposed sanctions.

Recently, Iran's crude oil exports were 2.4 million barrels a day, while light oil volumes have reached 300,000 barrels a day, Iran's oil ministry reported.

Iran's crude oil exports averaged 2.115 million barrels a day, Shana said.

In April, Iranian crude oil exports reached a record level with daily production of 2.617 million barrels, the highest level since Iran signed the nuclear agreement with the world powers. Over the same period, Iran exported a gigantic volume of 2.877 million barrels of oil per day to Asian and European markets.

Iran continues to seek to sell more oil despite the threat of US sanctions. Tehran reportedly sold its first oil from West Karoun to Repsol in Spain. Repsol bought 500,000 barrels of crude oil for cash...

Source: rt.com

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