companies resumed purchase of oil cargoes from Iran since implementation of the
Joint Comprehensive Plan of Action (JCPOA) in 2015.
sanctions, Europe bought almost no oil barrels from OPEC member Iran. Now, oil
majors like Royal Dutch Shell, Total and ENI as well as Saras are among Iran's
Iran exported 60% of its oil exports to the Asian market with China remaining its
biggest customer buying over 600,000 b/d from the country.
that South Korea was still the biggest buyer of ultralight oil (also called gas
condensate) from Iran in the month.
an average of 400,000 b/d of the item in November.
to Iranian Minister of Petroleum Bijan Zangeneh, Iran's crude oil and gas condensate
exports stand at 2.5 million barrels per day.