Iran to boost oil, condensate exports to 2 mbpd by March
Iran’s daily oil and condensate exports will reach two million barrels by the end of March, Mohsen Ghamsari, director of international affairs at National Iranian Oil Co (NIOC), said.
Tehran has started selling new consignments of the condensate, Ghamsari said, adding in comparison with crude oil, condensate sells slowly, the oil ministry’s official SHANA news agency reported March 5.
He further forecasted that in the future Iran’s condensate consignments will be sold faster than crude oil.
Iran exported 1.75 million barrels of oil and condensate per day between Jan. 21 and Feb. 19, indicating an increase by 400,000 barrels per day year- on- year, Iranian Oil Minister Bijan Namdar Zanganeh said earlier.
Previously, Iran announced that the country’s crude export in February reached 1.4 million barrels per day, forecasting that the figure will stand at 1.5-1.56 by March.
In mid-February, Iran loaded its first cargo of oil to Europe since international sanctions ended in January.
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