In June 2018, Iran exported over 2.61 million
barrels of crude oil and gas condensate of which 2.28 mbd was crude oil and
330,000 b/d was ultra light crude, which is also called gas condensate.
Throughout the Iranian calendar year of 1396
(ended March 20), the country exported an average of 2.115 mbd of crude oil at
Earlier this week, Iranian Minister of Petroleum
Bijan Zangeneh told the Islamic Republic of Iran Broadcasting (IRIB) that the country's
crude oil exports had not changed dramatically as a result of Mr. Trump's
threats to bring Iran's oil exports to zero.
On Tuesday, some media outlets, misquoting the latest statistics of the National Iranian Oil Company
(NIOC), said Iran’s oil exports would likely drop by 500,000 barrels per
day with the restart of new U.S. sanctions.