Iran oil ex­ports reg­is­ter...

Iran Daily - - Domestic Economy -

Saudi Ara­bia ex­ported 6.68 mbd — the sec­ond-low­est for this year, Bloomberg added.

While Iraq over­took the Saudis in ex­ports to the US and In­dia, Iran out­paced the strong­est forces in­side the Or­ga­ni­za­tion of the Pe­tro­leum Ex­port­ing Coun­tries (OPEC) on ex­ports to Asian heavy­weight China.

The king­dom is ex­pected to fall fur­ther be­hind Iran and Iraq in Novem­ber as its state oil gi­ant — the Saudi Ara­bian Oil Com­pany, or Aramco as it is in­ter­na­tion­ally known, is sched­uled to make the deep­est cuts in sup­plies to cus­tomers in its his­tory in Novem­ber, as of¿cially an­nounced by Riyadh.

The dif­fer­ence between China’s im­ports of Saudi oil and Ira­nian crude is at an eight-year low, ac­cord­ing to cus­toms data from the East Asian coun­try.

Saudi Ara­bia shipped 833,000 bar­rels of crude a day to China in Septem­ber, com­pared with 600,000 bar­rels a day from Iran, Bloomberg added.

OPEC’S third-largest pro­ducer has ramped up out­put and dou­bled ex­ports since sanc­tions on its en­ergy in­dus­try were eased in Jan­uary 2016.


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