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Over 60 percent of Iran oil exported to Asia

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Staff Writer | October 17, 2016
Mohsen Qamsari
Oil transport   Over 600,000 barrels for China

Director of National Iranian Oil Company (NIOC) International Affairs Mohsen Qamsari said that 62% of the Iranian oil is being exported to the Asian countries and the rest to the European states.

Speaking to IRNA, Qamsari noted that China at present is the biggest buyer of Iran's oil as it was in the sanctions era.

The average daily exports of Iran's oil to China are over 600,000 barrels, the official said, adding that the oil sold to the small Chinese refineries is not included in this figure.

Deputy Director of National Energy Administration of China Zhang Yuqing who travelled to Iran in May announced that his country was to attract fifty percent of Iran's oil exports.

Iran plans to raise its oil production to four million barrels per day by the end of its calendar year on March 20, 2017.


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