Iran’s Oil Minister,Bijan Zanganeh, has announced that the country’s crude oil exports have reached 2.44mb/d which marks a new record. Accordingly Iran is receiving above $80m in direct payments every day as a result its exports to international markets, reported Hellenic Shipping News.
Zanganeh remarked that the country is now exporting a daily average of 20ml of gas oil, according to Mehr News. This comes as Iran’s oil production is expected grow to as high as 2.5mb/d by April 2017.
Iran is currently exporting all petroleum products with the exception of gasoline. Yet, the country expects to resolved this by the end of the current Iranian calendar year on March 20 2017. Additionally, Phase 11 of South Past joint gas field will come on stream soon. The field’s extensive gas supply will further push Iran’s entrance to the club of oil product exporters. Iran has also taken several constructive measures over recent years including expansion of technology, knowledge-based activities as well as cooperation with universities in addition to the relative reduction in consumption of gasoline.