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Iran's Crude Exports Reached 2.4 mln bpd


Source Moj News

In July-September, Iran has exported 2.4 million barrels of its crude oil per day, director of international affairs for the National Iranian Oil Company, Mohsen Ghamsari, said.

Iran's Oil Ministry

Ghamsari said that like the previous years, Asia was the major target market for Iran's crude oil.

He said that during the first half of the current Iranian calendar year (started March 20), Iran has exported 2.420-2.430 million barrels of crude oil per day.

"We have not distinguished any new market in Europe, but we try to work with different European refineries," Ghamsari said.

Iran, China on Talks to Cooperate in LNG Projects

The Islamic Republic of Iran is in talks with a Chinese group that may finance construction of a liquefied natural gas plant (LNG) in the port town of Assaluyeh, the head of Iran's LNG Company said.

Ali Kheirandish, managing director of Iran Liquefied Natural Gas Co., didn't name the investors or give cost details.

Iran's LNG Company

Iran, the second-largest producer in the Organization of Petroleum Exporting Countries, is pushing to develop its LNG industry in addition to crude oil exports, Mohsen Qamsari, head of international affairs at the National Iranian Oil Company said. The nation seeks a share of the Indian and Chinese markets, which account for some 45 percent of the world's LNG consumption, Qamsari said.

Kheirandish said in April that Iran LNG was poised to begin exporting by the end of 2012 after tapping domestic funds to beat the punitive economic and financial measures.

Iran aims to become a major LNG supplier with an annual production capacity of 70 million tons by 2015. Iran has seven LNG production projects.

Iran shares the world's largest known gas deposit with Qatar, which can produce 77 million metric tons of LNG a year and is the biggest exporter of the fuel.

Iran's Oil Products Exports from Assaluyeh Surged $1.4 bln

The Islamic Republic of Iran has exported above $1.4 billion of various petroleum products from Assaluyeh Port during the last month.

Pars Energy Special Economic Zone

Managing director of Pars Energy Special Economic Zone, Ahmad Poorheydar, said that in the last Iranian month (September 23-october 22), above 1,732,520 tons of various oil products have been exported from the zone located in Iranian southern port of Assaluyeh.

The exports valued at $1.437 billion, he added.

Light and heavy poly-ethylene, gas condensates, propane, butane benzene, and paraxylene were among major products exported to China, Japan, UAE, Romania, Taiwan, Thailand, Malaysia, Vietnam and Afghanistan, Poorheydar mentioned.

The exports increased 13 percent in terms of volume and 55 percent in terms of value compared to the same period last year, he said.

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