Iran exports 2 mln barrels crude in June

EghtesadOnline: Iran's crude oil exports were flat in June at just over 2 million barrels per day and production at 3.610 million bpd was steady from the previous month, official data showed.

News ID: ۷۳۶۰۲۸

20 August 2016

Tallies for both exports and production show a rise since January, when Tehran set about recouping market share, according to ISNA.

Iran has been the main stumbling block in a global production freeze initiative, insisting it will be ready for joint action only once it regains output levels seen before sanctions of 4 million bpd.

OPEC's third-biggest producer shipped 2.005 million barrels per day in June from 2 million bpd of crude in May, data provided by the Joint Organisations Data Initiative (JODI) showed.

It shipped 1.9 million bpd in April, 1.710 million bpd in March, and 1.685 million bpd in February, according to JODI, which compiles data supplied from oil-producing members of global organizations including the IEA and the Organization of the Petroleum Exporting Countries (OPEC).

Production in June was steady from 3.6 million bpd in May. It pumped 3.5 million bpd in April, 3.4 million bpd in March, and 3.385 million bpd in February, the data showed.

In January, production was 3.370 million bpd, with exports at 1.550 million bpd, the JODI data showed.