Iran’s Oil Exports to India Reach 550,000 b/d

Iran’s Oil Exports to India Reach 550,000 b/d

Iran’s oil exports to India reached 550,000 barrels per day (b/d) in December 2017, corresponding to a 78% increase from November and the highest volume since last March, Reuters reported.

Meanwhile, Iran’s total oil exports to Asia reached 1.92 million b/d in December, 7% less than the previous month, according to Mint News Publication.

The 7% decline is due an imports reduction from some of Iran’s major buyers: China, South Korea, and Japan.

In related news, Iran started lifting crude for Malaysia’s Petronas, marking the restart of oil exports to Malaysia since it was halted in 2012 after sanctions placed against Iran’s nuclear program.

The Patmos Warrior tanker is reported to discharge around 300,000 barrels of crude at the port of Malacca, Malaysia, after it was loaded in Iran.

Sarah Samir 3401 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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