Iran’s Oil, Condensate Exports to Rise in February: Report
TEHRAN (Tasnim) – Iran's crude and condensate exports are expected to rise slightly in February, a report said.
Iran’s crude and condensate exports for February will be just over 2.20 million barrels per day (bpd), up from 2.16 million bpd in January, a source familiar with the matter said.
"In 2017 I see about 600,000 barrels per day of oil product exports. That is the plan," Managing Director of the National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi told Reuters at an oil conference in Tokyo on Thursday.
He added that products will include fuel oil, gasoil and kerosene.
According to reports, Indonesia is expected to lift nearly 34,000 bpd in February. Exports to Europe are also set to total a little more than 610,000 bpd in January and nearly 590,000 in February.
The Netherlands is lifting its first crude and loading nearly 70,000 bpd this month as well following the removal of anti-Tehran sanctions.
The sanctions were removed after Tehran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany) on July 14, 2015, finalized a lasting nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA) and implemented it on January 16, 2016.
