Issue No. 23

9 June 1997


Iranian Crude Exports Fell By 270,000 B/D To 2.28Mn In May

According to data from MEES sources, Iran's crude oil exportsaveraged 2.280mn b/d in May, a decrease of 270,000 b/d from the April average of 2.550mnb/d. Allowing for estimated deliveries to domestic refineries of 1.2mn b/d in May, Iran'scrude oil production for the month is put at 3.48mn b/d as compared with 3.75mn b/d inApril.

Liftings by the National Iranian Oil Company (NIOC) averaged 1.103mn b/d...