Sep 4, 2023, 1:31 PM
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News ID: 85220059
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Iran’s oil exports up 54% since January: Report

Sep 4, 2023, 1:31 PM
News ID: 85220059
Iran’s oil exports up 54% since January: Report

Tehran, IRNA – Iran’s oil exports reached 1.85 million barrels per day (bpd) in August, a 54% surge since the beginning of the year, according to a report.

While Iran exported 1.2 million bpd of crude oil and gas condensate in January, the number increased to a significant 1.85 million bpd in August, Bloomberg reported cited by the IRNA on Monday.

It said Iran exported 1.7 million bpd of crude oil and 152,000 bpd of condensates in August, the highest amount since five years ago when the US unilaterally withdrew from the Iran nuclear deal (JCPOA) and targeted Iran’s oil sector with tough sanctions.

Iran’s oil exports in August increased by 38% compared to the previous month, July, when the country exported 1.34 million bpd of crude oil and gas condensates, the report added.

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