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                                        Volume. 12115

Iran exports $7.9b of crude oil, gas condensates in 4 months: MP
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c_330_235_16777215_0___images_stories_edim_04_mg1(152).jpgTEHRAN – Iran exported $7.9 billion of crude oil and gas condensates in the first four months of the current Iranian calendar year, which began on March 21, the Shana news agency quoted MP Hossein-Ali Hajideligani as saying on Sunday.
 
Iran exported $41.6 billion of crude oil and gas condensates in the previous Iranian calendar year, Oil Minister Bijan Namdar Zanganeh said in April.
 
In March, Zanganeh said Iran’s crude oil output is forecast to increase by about 200,000 barrels per day to 4 million bpd in the current Iranian calendar year.
 
The country is currently exporting about 1.2 million bpd of crude oil, and the national budget has projected 1.5 million barrels of daily sales for the current Iranian calendar year, which includes 300,000 barrels of condensates.
 
Iranian President Hassan Rouhani said in a meeting with domestic researchers in Tehran on Saturday that the diversification of oil export routes is one of the most strategic policies of his administration.
 
Mohsen Qamsari, the deputy director for international affairs of the National Iranian Oil Company, recently said that Iran is exporting an average of one million barrels of oil per day based on the November 2013 interim nuclear deal with the 5+1 group (the United States, Britain, France, Russia, China, and Germany).
 
Under the deal, the six countries undertook to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities.
 
The two sides agreed to extend the nuclear talks until November 24, with a view to achieving a permanent accord.
 
Iran produced 2.762 million barrels of oil per day in July, the Organization of Petroleum Exporting Countries (OPEC) said in its latest report. 
 
The Iranian oil minister has set an output target of 5.7 million barrels of crude oil per day by 2018, according to official statements. 
 
Iran possesses the world’s fourth largest crude oil reserves, with 157 billion barrels of recoverable reserves.
 
MG/HG

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