Oil Exports Hits New Low of 860,000 bpd
Iran’s oil production has fallen to its lowest since the end of
Iran-Iraq war in 1988. The International Energy Agency (IEA) reported today
that the Iranian supply fell by 220,000 barrels per day (bpd) in September to 2.63
million bpd. The decline is much steeper than previously expected and is due to
mounting Western sanctions.
Meanwhile, Iranian exports slipped to 860,0000 bpd in September, the
IEA reported. This is a new low. Iran exported 2.2 million bpd at the end of
2011.
“Whereas many expected the sanctions to lose some bite in September as
Iranian exporters and some of their clients were reportedly seeking ways to get
around insurance constraints, in fact compliance appears to have
tightened," the IEA said. (Reuters, 12 October)
File
Photo: IRNA
12 comments:
A well known quote by Khomeini.
"Economy is for donkeys."
Basically Iran is not an oil country anymore.
I must say, however, that I am annoyed by Iranians who felt entitled to foreign products without having to work for it.
Iran will have to be like other countries -- if you want something, you have to give something of value. So learn to make high quality products that you can export instead of demanding them for something underground.
Anon 11:47 AM
Basically Iran isn't anything anymore.
may suffer iran from less oil reveneu but comes out more strong and less dependent from oil.
even more they (western) try to isolate us, we get better.
Ayatollah Khomeini
Anon 7:02 PM
Ayatollah Khomeini is dead!
Anon 11:47 AM
Your generalization that Iranians who felt entitled to foreign products without having to work for it smacks of ignorance and prejudice so take your anti-Iranian rubbish elsewhere.
More dysentery from 11:47 AM.
may suffer iran from less oil reveneu but comes out more strong and less dependent from oil.
even more they (western) try to isolate us, we get better.
Ayatollah Koko the Clown---------
--------
seems to me that I remember that before Khomeini Iran hasn't dependent on imports of food and was self-sufficient in that rather significant department.
if only the regime to teach the people how to eat all the unsold oil.
These figures are a politically motivated joke and that is well known to anyone who actually lives in Iran or knows anything about the Iranian oil industry. They are not based on any solid information, and are facially absurd. Iran's three major customers, India, China, and Turkey alone import more than 1 million barrels a day. And of course that does not include exports to various other countries. Imports to South Korea and Japan resumed in September at the previous levels of 200,000+ for each country.
Except that these figures have been reported by the IEA, the industry's premier reporting agency, and no one has ever accused them as being jokers.
What a wonderful information !!
Let's prepare ourselves for a funeral of this entity.
zionists are laughing as their mission accomplished, Tunisia, libya, egypt, next syria, iran. what about bahrain?
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