Iran ships 2.1m bpd of oil to global mar­kets in March

Tehran Times - - ECONOMY -

TEHRAN – Iran’s oil cus­tomers in Asia and Europe shipped in 2.1 mil­lion bar­rels per day (bpd) of Ira­nian crude dur­ing March, IRNA re­ported on Mon­day cit­ing the oil min­istry.

China and In­dia were top im­porters of Ira­nian crude oil in the men­tioned pe­riod im­port­ing over one mil­lion bpd to­gether. The oil min­istry ex­pects the im­ports by these two buy­ers to reach 1.3 mil­lion bpd in April ce­ment­ing their places as the two top buy­ers of Ira­nian crude.

To­tal, Shell, Eni, Hel­lenic Petroleum and Saras were also among the Euro­pean cus­tomers of Ira­nian oil.

Iran ex­ported 400,000 bar­rels of gas con­den­sate on a daily ba­sis in March, half of which was shipped in by South Korea mak- ing it the top buyer of con­den­sate from the coun­try.

Ac­cord­ing to Iran’s oil min­istry, the coun­try’s av­er­age oil ex­ports have in­creased by about 60,000 bpd in 2018 com­pared to the last year.

The coun­try ex­ported 2.13 mil­lion bpd of crude in last year, 62 per­cent of which was shipped to Asian mar­kets and the rest was re­ceived by Euro­pean buy­ers.

Dur­ing 2017, Iran also ex­ported 180 mil­lion bar­rels of gas con­den­sate, some­thing about 490,000 bpd.

The av­er­age price for Ira­nian crude oil and con­den­sate stood at near $52 per bar­rel in 2017.

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