VOL. XLV

No 38

23-September-2002

IRAN

IranianLight Crude Exports Decline As Customers Opt For Heavy Grades

Exports of Iranian Light gradecrude have declined this year from an average of 738,000 b/d in January to611,000 b/d, according to MEES estimates (see below). However, while Irans onshoreproducing fields are aging and in need of enhanced oil recovery work tomaintain flagging output, MEES understands that the majority of thedecline in Iranian Light compared with Iranian Heavy exports is...