Wednesday, January 19, 2022

Iran's Export Oil Sales Are Booming Despite Sanctions

An Iranian flag flutters on board the Adrian Darya oil tanker off the coast of Gibraltar on August 18.  

Bloomberg: Iran Says Oil Sales Have Had a ‘Staggering’ Rise Over Past Year 

(Bloomberg) -- Sales of Iranian crude oil, gas condensates and petrochemical products have risen dramatically in the past 10 months, the country’s oil minister said. 

Addressing lawmakers in Tehran, Javad Owji said that Iran’s budget for the year to start March 21 has factored in daily oil sales of 1.2 million barrels, the ministry’s official Shana news agency reported on Sunday. 

No further details were provided, and exports weren’t mentioned. Iranian oil exports are subject to U.S. sanctions, and China remains Tehran’s only known customer. 

Read more ....  

WNU Editor: One reason why Iran's oil exports are booming (primarily to China) is because of steep discounts .... Large Oil Discounts By Iran Entice Buyers To Ignore US Sanctions (Iran International).  

Update: Iran's non-oil exports are also booming .... Iran’s non-oil exports register 40% growth in current year (MEHR News agency). 

More News On Iran's Export Oil Sales Are Booming 

Iran’s Oil Sales Rise Sharply: Minister -- Tasnim News Agency (Iran)  

Iran's oil sales rise sharply: Minister -- Middle East Monitor  

Flouting Sanctions, Iran Says Oil Sales Have Enjoyed "Staggering" Rise Over Past Year (Zero Hedge)

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