Post-sanction Iran's January oil exports at 22-month high
Iran’s oil exports hit the highest in 22 months in January when sanctions against its economy ended, opening the way for higher shipments to Asia and new sales to Europe and Africa, according to data from Joint Organisations Data Initiative (JODI).
Exports climbed to 1.55 million barrels a day in January, the highest since March 2014 and 9.2 percent higher than the month before, and production climbed to 3.37 million barrels a day, the most since February 2014, Bloomberg Business reported.
Iran, OPEC’s second-biggest producer before sanctions were stepped up in 2012, aims to rise production to 4 million barrels a day which would be the highest since October 2008, according to JODI data.
More On: IRNA
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