IRANINFO.DK - Iranian news site based in Denmark

Sunday
Apr 21st
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home Economy Economy News Iranian oil exports rise to pre-sanctions level: Platts

Iranian oil exports rise to pre-sanctions level: Platts

E-mail Print PDF
Iranian oil exports rise to pre-sanctions level: Platts

TEHRAN- Oil exports from Iran have increased significantly in March to once again reach to near pre-sanctions level, S&P Global Platts reported citing shipping and provisional tanker tracking data.

Based on the report, Iranian crude and condensate exports increased by 12 percent to 1. 7 million barrels per day (bpd) in the mentioned month.
As expected, the surges in Iran’s oil exports came after the country’s Asian buyers rushed to use the opportunity that the waivers on U. sanctions has provided.
Since the first round of waivers expires on May 4, Iranian oil buyers including India, Japan, and South Korea are trying to convince the U. S. government to get another round of exemption from U. S. sanctions to be able to keep buying crude from Iran.
Earlier on Tuesday, South Korean news agency Yonhap reported that the Asian country is negotiating with the United States for extending the sanctions waiver on Iranian oil imports.
Platts also quoted a Japanese official on Wednesday that japan is seeking to get exempted from the sanctions for the second time.
According to Platts, China’s demand for Iranian crude has also rebounded in recent months. Flows to China averaged 627,710 bpd last month from levels of 571,464 bpd in February.

 

Photography

Mount Damavand is the highest peak in Iran and the highest volcano in Asia.

Travel tips

Things to Know Before Trip
One of the most important things to remember is that Iranians aren’t Arabs, they’re Persian. They speak Farsi (and other dialects), not Arabic, and some people might feel offended if you great them with Arabic words.
  • What’s the best time to travel to Iran?
  • Iranian don’t hate Americans
  • Iran is a great place for backpacking

Join our Social Sites :

Video - Tour



Facebook Page