IRAN

 

Iran Denies IEA Oil Storage Estimate

Iranian Minister of Petroleum Rostam Qasemi told reporters on 15 May that Tehran denies an International Energy Agency (IEA) estimate in its latest monthly oil report that Iran has stored 30mn barrels of crude oil offshore in tankers and switched off global marine traffic tracking devices on all but one of its tankers, in an attempt to conceal the actual status of its oil production and exports. “The...