Iranian oil exports increased in September to approximately two million barrels per day, reaching the highest level since 2018, Iranian media cite data from the international tanker tracking company Tanker Trackers.
Thus, exports in September reached the highest level in seven years despite the repeated activation of United Nations (UN)sanctions at the end of the month.
Washington and the governments of European countries expected that the renewed sanctions would disrupt deliveries of Iranian oil to buyers such as China, but data from TankerTrackers confirm the assessments of Iranian officials that their impact will be marginal.
Minister of Oil Mohsen Paknejad said last week that international punitive measures will not hinder Iranian oil exports, noting that Iran has already suffered stricter restrictions from Washington in previous years.
The UN, because of Iran’s nuclear program, has again activated a package of six sanctions that had been lifted under the 2015 agreement, and which are aimed at individuals, equipment related to the nuclear program, and arms trade.
At the beginning of October, Minister Paknejad said that Iranian oil production had increased by more than 120.000 barrels per day, adding that there is still room for improvement, in both the oil and gas segments, if modern extraction techniques are applied.
Thus, gas production in the new field in Pazan could exceed 20 million cubic meters per day, which would alleviate shortages during the winter, noted Paknejad.
