TEHRAN: Iran’s crude oil and gas condensate exports are expected to rise to about 2.2 million barrels per day in February, thanks to a shipment to Indonesia – the first since sanctions against Tehran were lifted last year. That’s according to an unnamed source that spoke to Reuters.
This month, Iran is set to export some 2.16 million bpd. Post-sanction exports reached a high of almost 2.6 million barrels last September, Reuters notes, and this amount has not yet been exceeded. According to figures from Iran’s Oil Ministry, oil exports between March and December 2016 averaged 2.57 million bpd, with the December rate rising to 2.83 million bpd. These figures, however, have not been confirmed by external sources.
Earlier this month, Oil Minister Bijan Zanganeh said that earnings from oil and condensate exports had reached US$29 billion in all of 2016, of which US$24.7 billion has been received. What’s more, export earnings for March 31, 2016, to March 31, 2017, Iran’s fiscal year, are expected to come in at US$41 billion.
