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Iran denies steep plunge in oil exports

By REUTERS
10/13/2012 12:15
DUBAI - Iran's oil exports have remained steady in recent months, Iran's OPEC governor said on Saturday, denying a report from the International Energy Agency (IEA) that Iran is struggling to arrest a decline in its oil sales.

In a report on Friday, the IEA estimated Iran's exports falling to a new low of 860,000 barrels per day (bpd) in September, a huge plunge from 2.2 million bpd at the end of 2011.

The drop in Iranian supply is supporting oil prices and hurting Tehran's revenues, deepening hardship for a population deprived of basic imports and adding to pressure on the government over its nuclear program.

But Mohammad Ali Khatibi, Iran's OPEC governor, said the IEA's data was faulty and ran counter to data provided to OPEC by Iran.

"Iran's oil exports are the same as previous months and the situation is stable," Khatibi was quoted as saying by the Iranian Students' News Agency (ISNA) on Saturday.
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Jpost.com, the online edition of the Jerusalem Post Newspaper - the most read and best-selling English-language newspaper in Israel. For analysis and opinion from Israel, the Jewish World and the Middle East. Jpost.com offers expert and in-depth reporting from Israel, the Jewish World and the Middle East, including diplomacy and defense, the Palestinian-Israeli conflict, the Arab Spring, the Mideast peace process, politics in Israel, life in Jerusalem, Israel's international affairs, Iran and its nuclear program, Syria and the Syrian civil war, Lebanon, the Palestinian Authority, the West Bank and Gaza Strip, Israel's world of business and finance, and Jewish life in Israel and the Diaspora.
 
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