Hitting a
Low of 820,000 bpd
Iran’s
oil exports fell for the third month in a row, reaching an average of 830,000
barrels a day, Reuters reported
today. The slide in oil exports is continuing in spite of significant discounts
offered by Iran to its Asian customers, China, India, Japan and South Korea,
which together are buying 720,000 bpd of Iranian crude, or nearly 90 percent of
the country’s exports.
China,
Iran’s biggest customer, is purchasing 370,000 bpd, the lowest volume in a long
time. India, the second biggest customer, is purchasing only 170,000 bpd, 20
percent below last month’s level, followed by Japan and South Korea at 100,000
and 80,000 bpd respectively.
File photo: Iran's oil export terminal at Kharq Island in the Persian Gulf (Getty)
File photo: Iran's oil export terminal at Kharq Island in the Persian Gulf (Getty)
3 comments:
it is a bad or a good news ?
But the islamic regime said it no longer needs to rely on oil but tax people instead,right?
Much if not most of Iran's oil production goes toward its domestic consumption .
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