No. 24



Iranian Crude Exports Fall By 239,000 B/D In May To 2.244Mn B/D

According to data from MEES sources, Iran's crude oil exports averaged 2.244mnb/d during May, a decline of 239,000 b/d from the April average of 2.483mn b/d. Allowingfor estimated deliveries to domestic refineries of 1.35mn b/d in May, Iran's crude oilproduction for the month is put at 3.594mn b/d compared to 3.833mn b/d in April.

In May, liftings by the National Iranian Oil Company (NIOC) averaged...