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January 31, 2013 2:19 pm

Iran’s Crude Oil Exports Leap to Highest Level Since EU Sanctions

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Iranian tanker. Photo: wiki commons.

Reuters – Iran’s crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet expansion helped the OPEC member dodge sanctions.

Exports rose to around 1.4 million barrels per day (bpd) in December, according to two industry sources and shipping and customs data compiled by Reuters on a country-by-country basis and corroborated by other sources and consultants.

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