Iran's oil exports increased steadily in August

Iranian oil shipments are estimated to have increased in August despite U.S. sanctions, according to energy data companies.

Iran (IMNA) - According to data from international tanker monitoring services and a report published on Thursday by the Reuters news agency, Iranian oil shipments in August reached levels that hadn't been seen since the country was sanctioned by the US in 2018.

According to the study, SVB International statistics showed that Iran's oil exports—including condensate exports—had increased from a total output of 3.15 million bpd in August to an average of roughly 2 million bpd.

Additionally, figures from indicated that Iran exported 1.92 million barrels of oil per day on average in the first 27 days of August.

Without taking into account the sales of condensates, The Kpler, a French data company located in Belgium, predicted that Iranian oil shipments in August would average approximately 1.2 million bpd, according to Reuters.

The article also cited an unnamed tanker-tracking company as indicating that, even without accounting for condensate shipments, Iran's crude oil exports in August exceeded 1.5 million bpd.

The latest numbers support claims made by Iranian authorities in recent weeks that Iranian oil exports have significantly increased.

This week, Iranian Oil Minister Javad Owji predicted that by the end of September, the nation's total oil output would hit a historic level of 3.4 million barrels per day (bpd).

According to experts, Iran's determination to defy US sanctions in recent years has definitely paid off, as the country is currently spewing record volumes of oil into the world market.

News ID 684285


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