Iran opens new strategy for oil exports and no longer informs Opec of production

Iran has launched a new strategy to export crude oil and change oil export destinations after the United States imposed sanctions on Iran’s oil sector, an Iranian maritime official said 18th. Hadi Hakosenas, deputy Director of maritime affairs at the Iranian Port and Maritime Organization, is the source, and the semi-official Iranian Labour news agency reported: “The Iranian Ministry of Oil’s strategy of exporting crude oil and refined oil has changed … Perhaps the destination for exporting crude oil from our port has also changed.

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Hakosenas did not elaborate on the new strategy and new destinations. Iran reached a comprehensive agreement on Iran’s nuclear issue with six countries, including the United States, in July 2015, promising to limit its nuclear program in exchange for lifting sanctions on it by the international community. The United States announced its withdrawal from the Iran nuclear deal last May 8 and resumed sanctions against it.


Reuters reported in April that the resumption of sanctions by the United States had reduced Iranian crude oil exports from more than 2.5 million barrels a day to about 1 million barrels. The US side recently lifted the sanctions exemption for 8 Iranian crude oil importers, seeking to “clear 0″ Iranian crude oil exports.

Iran’s crude oil exports fell to 500,000 barrels a day in May, Reuters reported 18th.

The Iranian government has stopped informing the Organization of Petroleum Exporting Countries of crude oil production. “It cannot be denied that there are fewer exports of crude oil and refined oil than ever before, but we have absolutely not stopped,” Hakosenas said. ”