Iran expected to raise March oil exports on higher European sales - Reuters

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  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Iran, OPEC’s third largest oil producer, is likely to step-up its oil exports in March in response to higher crude shipments to Europe; Reuters quoted two industry sources earlier today.

    State-run National Iranian Oil Co. (NIOC) is expected to ship around 250,000-300,000 bpd to Europe this month after it finalised term deals with France's Total and Spanish refiner Cepsa, effective from March 1.

    Meanwhile, oil exports rose by 500,000 bpd to 1.5 million bpd in February, a senior NIOC official said on Tuesday.
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