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Iran’s crude oil exports increased by 10% this month, despite sanctions

By   /   September 14, 2012  /   No Comments

Vestnik Kavkaza

According to the International Energy Agency (IEA), in spite of Western sanctions, exports of crude oil from Iran have grown by 10% in the last month, Iran News reports, referring to ISNA.

Iran reported that last Sunday the country’s private companies began their first deliveries of crude oil to foreign markets. The head of the Association of Iranian Oil Exporters, Hassan Hosroudzherdi, said that at the moment the private sector of the country has a number of contracts to export oil abroad.

According to Hosroudzherdi, a consortium consisting of Iranian private companies plans to supply to overseas markets, including the EU countries, up to 20% of crude oil exported by Iran.

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  • Published: 254 days ago on September 14, 2012
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  • Last Modified: September 14, 2012 @ 7:28 pm
  • Filed Under: Economy, World
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