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Significant surge in Iranian oil exports: IEA

: Sunday, March 16 - 2014 @ 01:37

The International Energy Agency (IEA) has said global imports of Iranian oil hit a one-year high in January and February, suggesting a temporary deal on sanctions pressure on Tehran has helped its oil sales to recover, Reuters has reported. According to the IEA’s monthly report, imports of Iranian crude, including condensate, reached 1.41 million barrels per day (bpd) in January and February. “Higher Iranian imports in recent months reflect, in large part, increased sales of condensates to Asian buyers,” the Paris-based agency said. “Imports of Iranian oil surged in Japan and South Korea, albeit from exceptionally low January levels.”

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Sunday, March 16- 2014 @ 1:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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