Middle East Economic Survey


No 42


Irans Floating Storage Helps Cut Oil Exports By 300,000 B/D In September

Irans diversion of heavy crude oil production from the Soroush/Nowruz fields into floating storage has accounted for most of a sharp 300,000 b/d drop in Iranian oil exports in September, MEES learns. Iranian oil exports fell from 2.43mn b/d in August to 2.13mn b/d in September, a decline of over 12%. MEES soundings indicate that the National Iranian Oil Company...