TEHRAN: Iran’s crude oil exports are expected to rise to 2.2 million barrels per day (bpd) in September, a senior official at the National Iranian Oil Company (NIOC) said, as it moves towards regaining market share lost during sanctions.”In September, it’s 2.2 mbpd, and we expect to have additional barrels (by year-end),” Mohsen Ghamsari, director of NIOC’s international affairs department, said on the sidelines of a conference in Singapore.
That targeted volume is up from the more than 2.1 mbpd shipped in July. Iran is working to lift its exports back to around 2.4 mbpd, the amount it used to sell into the global market on a daily basis before sanctions aimed at its nuclear programmed were imposed. Iran also signalled it was prepared to work with Saudi Arabia and Russia to prop up oil prices, although Tehran began to bargain with Opec on possible exemptions from any output limits.
