Iran to increase gas condensate, oil exports to 3m p/d by yearend: Oil official

EghtesadOnline: A Petroleum Ministry official said Iran is planning to increase its export of oil and gas condensates to about 3 million barrels per day by the end of the current Iranian year (to end March 20, 2017).

News ID: ۷۳۷۷۹۲

31 October 2016

Ali Kardor told IRNA on Sunday that the volume of Iran’s oil export will rise to 2.5 million barrels per day during the same period.

The official who also heads National Iranian Oil Company noted that currently Iran exports about 500,000 barrels of gas condensates.

Earlier, National Iranian Oil Company Director for International Affairs Mohsen Qamsari had told IRNA that Iran exported more than 2.1 million bpd crude oil in July 2016 and the total export of crude oil and gas condensates reached 2.74 million bpd.

He said that crude oil export before sanctions was 2.3 million bpd, so it is still lagging behind the level Iran exported prior to the sanctions.