22 Nov 2024
Wednesday 2 November 2016 - 15:42
Story Code : 237527

Over 700,000 bpd Iranian oil exported to Europe

SHANA-TEHRAN, Nov 02 (Shana) Director of the International Affairs Department at National Iranian Oil Company (NIOC) Mohsen Ghamsari says more than 700,000 barrels of Iranian oil will be exported to Europe.

Ghamsari told Shana that Iran's average crude oil exports reached 2.44 million in October.
He said Asian states continue to be major customers of Iranian oil.

He added that Asian states have a share of 1.74 million barrels a day in Iranian oil.

Asia is the world's major energy hungry destination worldwide and all producers have eye on it. Since, Iran is located in Asia, its top priority is exporting 63 percent of its oil to the region and then to Europe.

Iran's crude exports has more than doubled after the JCPOA.
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