Iran Heads for 5th Month of Oil Exports Above Sanctions Limit

(Reuters) Jonathan Saul and Alex Lawler - Iran's oil exports have stayed above levels allowed under Western sanctions for a fifth month, in a further sign that a deal to ease some restrictions is helping Tehran sell more crude. Under the interim agreement with world powers, Iran's exports are supposed to be held at an average 1 million bpd for the six months to July 20. But shipments to Asia have topped that level at least since November. Iranian crude exports, excluding to Japan, reached 1.28 million bpd in March and included sales to China, India, South Korea, Turkey and Syria. The emerging data has showed Iran was getting more relief than Washington had said it would.


2014-03-27 00:00:00

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