Iran to elevate oil exports by 10%

Iran to elevate oil exports by 10%

Iran to elevate oil exports by 10%


Roknodin Javadi touched upon the latest status of Iran’s crude and condensate exports saying “the export volume of Iranian gas condensate will experience a 10-percent rise in late April.
Managing Director of National Iranian Oil Company (NIOC) emphasized that daily crude production of the country has hit 3.5 million barrels; “it is estimated that the production volume will soar even more in view of the newly-signed contracts.”
Javadi pointed to the sealing of oil sale deals with Asian and European oil companies reiterating “currently, about 30 to 35 per cent of Iran’s oil export is being shipped to European markets.”
“Given the easing of sanction restrictions, sales of Ran’s gas condensate to foreign firms will further grow in upcoming months,” he recalled.

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Headlines in Iranian English-language dailies on April 18

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