Iran’s oil exports increased by 50 percent last month
Tanker Trackers reported on Wednesday, March 15, that Iran’s oil exports saw a 50 percent growth last month compared to January.
The report did not mention the volume of Iran’s oil exports, but exclusive data from Radio Farda, sourced from Kpler, a company that provides tanker tracking services, indicates that Iran exported an average of 1.74 million barrels of oil per day to Chinese markets last month.
Reuters also reported simultaneously that Iran’s oil production increased by 80,000 barrels per day last month.
Although the growth in Iran’s oil loading and shipping to China is noteworthy, especially considering the revival of the Trump administration’s maximum pressure policy, more important is the volume of oil that is ultimately discharged in China.
According to Kpler’s data, the volume of Iranian oil discharged in China was 692,000 barrels in January, which increased to 771,000 barrels last month.
Before the start of the new round of tanker sanctions by the Biden administration last October, which continued from Donald Trump’s administration, Iran was unloading 1.5 million barrels of oil daily at Chinese ports.
Thus, despite the revival in loading volume, the discharge of Iranian oil in China has sharply declined, leading to a massive buildup of unsold Iranian oil reserves.
