Report: Iran to further up oil exports to main Asian buyers soon

An Iranian oil tanker (file photo)

TEHRAN (FNA)- Iran’s oil exports to its top three Asian customers are likely to increase even further in the coming months as Tehran is making progress in its talks with the six major world powers (the US, Russia, China, France and Britain plus Germany), media reports said.

“Tehran’s crude sales would likely surge if Britain, China, France, Germany, Russia and the United States reach any agreement with Iran that would scuttle the sanctions,” Reuters quoted an energy analyst as saying.

The analyst of a north Asian oil refiner, speaking on conditions of anonymity, noted that Asian imports from Iran are likely to rise.

Last month, Iranian Oil Minister Bijan Namdar Zanganeh said the country’s oil production is forecasted to reach 4.7 mb/d in the coming three years.

“Iran’s oil production will reach 4.7 mb/d in three years, 700,000 b/d of which will come from joint fields,” Zanganeh said.

“Iran’s enhanced crude oil production capacity is in harmony with the country’s economic macropolicies,” he said.

He added that such a production capacity will boost Iran’s OPEC status.

The operation field of the Offshore Oil Company encompasses an area of 1800 km long in the Persian Gulf and Oman Sea (except for South and North Pars) and 27 to 120 km wide which undertakes a remarkable part of oil production in the Persian Gulf.

China, India, Japan and South Korea together in September took in 1.08 million bpd of the Islamic republic’s crude, up from 921,064 bpd in August.

By Fars News Agency

 

The Iran Project is not responsible for the content of quoted articles.