Media: Iran intends to begin selling a new grade of heavy oil in June

Media: Iran intends to begin selling a new grade of heavy oil in June

NEW YORK, February 19. /Corr. Kirill Volkov/. Iran plans to start shipping a new grade of heavy oil in June of this year. This was reported on Thursday by Bloomberg.

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According to him, the national Iranian oil company (NIOC) had intended to begin sales in March, but decided to postpone them to give potential buyers more time to test the quality of the product. A new grade of heavy oil produced in the oil fields of West karoun region, near the Iraqi border, according to Bloomberg. The NIOC has not yet announced the name of the new brand, and also did not specify the extent to which it intends to sell the product.

The average volume of oil production last year in Iran amounted to 2.8 million barrels per day. In January a day was exported to 1.5 million barrels, and in February – 1.44 million According to Bloomberg, Iran intends by the end of March this year to increase the volume of oil production by 500 thousand barrels.

The primary goal of Iran, according to the Minister of oil of the country of Bijan Namdar Zanganeh, is a return to the level of production desanctions period (up to 2012), when it reached 3.6 million barrels per day. Then Iran was the second in OPEC in terms of production by the state. As noted Zanganeh, by 2021 Iran is able to recycle 3.2 million barrels of oil per day.

On Wednesday in Tehran passed negotiations of Ministers of oil of Iran, Venezuela, Iraq and Qatar, who discussed the possibility of “freezing” the level of oil production. Following the talks, Zanganeh announced that the country would support any initiative to improve the situation with oil prices.

According to Reuters, during the consultations of Iran adhered to its standard position that Tehran must restore the market share lost during the years of sanctions. As noted, regardless of whether that will make Iran, “the world is already flooded and oil that nobody wants”.

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