Coronavirus wipes out Iran’s oil derivative exports

Financial Tribune – Export of petroleum products including mazut, diesel and gasoline has hit a trough over the past few days, spokesman of the Petroleum Products Exporters Union said.

“Domestic demand for oil derivatives is rising and neighbors, including Iraq, have stopped their imports due to the outbreak of coronavirus disease 2019 (COVID-19),” Hamid Hosseini was quoted as saying by ILNA Saturday.

According to the official, Turkey, Afghanistan, Turkmenistan and Iraq have suspended imports of petroleum products from Iran from last week.

“Iraq’s Kurdistan region limited import for three days. However, as soon as prices rose and demand increased, it resumed oil derivatives imports from Iran.”