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29 Jan 2016
Iran crude oil exports up 20% for Jan-Feb
FXStreet (Mumbai) - Reuters is reporting that Iran’s oil exports are set to rise almost 20% in January and February on a annualized basis.
According to the data on Iran's preliminary tanker loading schedules, overall exports will total around 1.44 million barrels a day (bpd) in February and about 1.5 million bpd in January. This would be more than 20% higher than Iran's average daily exports last year, with the loadings this month at the highest since February 2014.
Iran is targeting India, Asia's fastest-growing oil market. India will load more than 300,000 bpd in February, up from 183,000 bpd in January, according to the data.
According to the data on Iran's preliminary tanker loading schedules, overall exports will total around 1.44 million barrels a day (bpd) in February and about 1.5 million bpd in January. This would be more than 20% higher than Iran's average daily exports last year, with the loadings this month at the highest since February 2014.
Iran is targeting India, Asia's fastest-growing oil market. India will load more than 300,000 bpd in February, up from 183,000 bpd in January, according to the data.