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Iran private sector exports over 20 ml barrels of crude oil

Source: ISNA

Iran's private sector crude oil exports have exceeded 20 million barrels with an average of 200.000 barrel per day.

Hassan Khosrojerdi, the head of the union of Iranian exporters of oil derivatives told ISNA on Tuesday that the private sector's consignments were sold at the price defined by the National Iranian Oil Company with no discount.

The daily average amount is increasable and the number will reach 700,000 bpd in six months, Khosrojerdi said.

The private sector started oil exports since July as barter trade, but the report was first broken to ISNA in September.

Iran's first private sector consignment of crude oil was exported not by the private sector consortium but directly by an independent private firm.

Iranian private sector has made many services in different oil industry sections, but breaking the crude oil export monopoly of the government is a recent measure which could be a new chapter in the field of crude oil exports for the country.

... Payvand News - 10/23/12 ... --

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