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All tagged oil exports
A new report from the Majlis Research Center offers the first assessment of what “verified” sanctions relief might look like, providing a glimpse into how negotiators will take forward a key demand set out by Iran’s Supreme Leader.
◢ Aiming to achieve self-sufficiency in the production of gasoline, Iran recently launched the third phase of the Persian Gulf Star Refinery, after a massive investment of USD 4 billion. But given rising consumption, the future of genuine gasoline self-sufficiency in Iran might be less bright than the new developments at the Persian Gulf Star suggest.
◢ A new report from TankerTrackers.com indicates that Iran exported an average 2.2 million bpd of crude oil in the first two weeks of October, a 10 percent rise from the September average. October’s higher export volumes could reflect long-standing customers buying more oil ahead of planned reductions in November, when sanctions are expected to prevent many refiners from taking Iranian crude.
