Trade Resources Economy Persian Gulf Arab Oil Producers to Take Over Markets Belonged to Iran

Persian Gulf Arab Oil Producers to Take Over Markets Belonged to Iran

MNA reported that despite the well orchestrated attempts by Persian Gulf Arab oil producers to take over markets belonged to Iran, high benzene and gasoline productivity of Iranian crude and performance compared to other crude in the market, exports has increased and more countries enjoyed exemption from US sanctions on Iran oil on their imports from Iran.

Despite the international pressures and especially US sanctions posed on the Iranian traditional oil customers, many Asian and African countries import oil from Iran.

The report said that in last few days, Iran has exported 10 millions of barrels of crude to South Korea and Taiwan and exports of this strategic good gained boost in Turkish, South African, Sri Lankan and other Asian countries' markets.

With rise in Iranian crude imports, Obama Administration have rewarded exemption from sanctions to China, India, Malaysia, South Korea, Singapore, South Africa, Sri Lanka and Turkey in importing Iranian crude for another 6 months.

Source - MNA

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Source: http://www.steelguru.com/middle_east_news/Iranian_crude_twice_more_productive_than_Arabs/295665.html
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Iranian Crude Twice More Productive Than Arabs
Topics: Metallurgy