IRANIAN OIL EXPORTS 2.3 MBD

SHANA - Iran's crude oil exports rose year-on-year from 2.115 mbd to 2.3 mbd in the first 4 months of the current Iranian calendar year (began on March 21).

The country exported an average of 2.3 million barrels per day of crude oil to Asian and European countries during the four months. This is while exports for last calendar year's corresponding period stood at 2.115 mbd.

As usual, China and India were the largest buyers of Iranian oil. Unaffected by US pullout of the Joint Comprehensive Plan of Action (JCPOA), Iran nuclear deal, the two countries seem to be determined to continue oil purchases from OPEC-member Iran.

India's Ministry of Petroleum has claimed that crude imports from sanctions-hit Iran witnessed a massive jump this June in comparison to last year, disproving reports published by global research agencies that India had heavily cut down crude purchases from Iran due to American sanctions, Sputniknews reported on Tuesday.

Following US pullout of the JCPOA and threats to impose tougher-than-ever sanctions on Tehran, South Korea and Japan have been seeking sanctions waivers from Washington to continue dealing with Iran.

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Earlier:

2018, July, 25, 10:00:00 IRAN'S DEVELOPMENT BY GAZPROM SHANA - A non-disclosure agreement was signed last year between Iran's OIEC and Russia's Gazprom Neft for the development of the Azar and Changuleh oil fields. The agreement was endorsed by the National Iranian Oil Company (NIOC).

2018, July, 25, 09:50:00 TURKEY OPPOSES IRAN SANCTIONS REUTERS - Turkey has told American officials it opposes U.S. sanctions on Iran and is not obliged to implement them, Foreign Minister Mevlut Cavusoglu said on Tuesday.

2018, July, 25, 09:45:00 THE DIFFICULT IRANIAN SANCTIONS OGJ - “Russia already has improved its relations with Iran. Given its foreign policy stance toward the US, this could grow if it believes it would undermine the US position. Russia is taking a long-term view. It sees several obstacles, which it is determined to overcome.”

2018, July, 25, 09:40:00 IRANIAN OIL FOR INDIA: №2 REUTERS - India, Iran’s top oil client after China, shipped in 5.67 million tonnes, or about 457,000 barrels per day (bpd), of oil, from the country in the first three months of this fiscal year, Dharmendra Pradhan told lawmakers in a written reply.

2018, July, 16, 10:45:00 RUSSIA'S INVESTMENT FOR IRAN: $50 BLN BLOOMBERG - Iran said Russia is ready to invest as much as $50 billion in its oil industry even as Western majors are pulling out of deals with the republic amid the threat of U.S. sanctions. Русский | English

2018, June, 13, 13:00:00 CHINA - IRAN PARTNERSHIP PLATTS - China and Iran have agreed to strengthen strategic cooperation during Iranian President Hassan Rouhani's visit to China, possibly paving the way for steady crude flows between the two countries.

2018, June, 4, 13:35:00 IRAN'S OIL EXPORTS 2.7 MBD SHANA - The country exported 2.4 mbd of crude oil and 300,000 b/d of gas condensate, ultra light crude oil, during May.