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Iran exports less oil than OPEC says - Expert

Steel News - Published on Mon, 16 Apr 2012

Trend News Agency cited Mr Reza Taghizadeh professor at the University of Glasgow and expert on nuclear issues as saying that Iran is exporting less oil than the official OPEC data says.

Mr Taghizadeh said that \"14 months ago, Iran was manufacturing more than 4 million barrels of oil daily. Right now this figure has decreased to 3,600 million barrels. 2 million barrels of this figure goes for producing fuel and kerosene.

He said that purchasing of oil has decreased, as well as oil production. Iran\'s oil exports have reduced compared to last year due to sanctions imposed on the country.

Mr Taghizadeh said that there\'s no reason no to believe this figure. Iranian Oil Minister Mr Rostam Qasemi said that Iran\'s oil export reached to USD 60 billion despite sanctions imposed by the US and the European Union.

He didn\'t mention any figure about Iran\'s oil export volume, however he claimed that Iran\'s oil export during last solar year increased and the figures of oil revenues is increasing.

Mr Qasemi rejected Iranian oil export decline, saying the customers queue to buy Iranian oil however according to Reuters, Japan, South Korea and China have decreased Iranian oil imports by 22% in total.

Meanwhile Mr Taghizadeh said that Iran is exporting its oil along with gas condensates and I assume in the coming three months or so, the export will be decreasing.

Source - Trend News Agency 2012

(www.steelguru.com)

Posted By : admin on Mon, 16 Apr 2012
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