Iran’s oil exports doubled in 9 months: Official

Balal offshore oil field in southern Iran (file photo)

TEHRAN (Tasnim) – Iranian Deputy Oil Minister for planning and supervision on hydrocarbon resources said the country’s oil exports have doubled in the past nine months.

Mansour Moazzami on Wednesday said when the current administration took office nine month ago, the volume of Iran’s oil exports stood at 700,000 barrels per day but it has now soared to 1.4 million bpd, including 200,000 barrels of gas condensate per day.

In its monthly report released last week, the International Energy Agency (IEA) said Iran’s February oil exports were up 240,000 bpd month-on-month, a development stemming from Iran’s nuclear deal with the six world powers.

“Imports of Iranian oil are running well above 2013 levels for the third consecutive month,” the IEA report added.

Iran and the world powers in November last year signed an interim deal on Tehran’s nuclear case, which stipulates that over the course of six months, the parties will draw up a comprehensive nuclear deal which will lead to a lifting of the whole sanctions on Iran.

Under the deal, which went into effect on January 20, Iran agreed to limit certain aspects of its nuclear activities as a confidence-building measure, and the world powers undertook to provide Iran with some sanctions relief.

The two sides wrapped up their latest round of high-level nuclear talks in the Austrian capital, Vienna, on April 9.

There will be a fresh round of high-level talks between Iran and the sextet beginning on May 13.

By Tasnim News Agency


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