The National Iranian Oil Company’s crude and gas condensates exports have experienced a massive 430% growth between 2020 and 2022, a senior oil analyst at Kepler International Company, a leading provider of intelligence solutions for commodity markets, said.
“The state-run firm is now selling five times more oil cargos compared to 2020 because not only has the Covid-19 pandemic ended, but also US President Joe Biden's administration has adopted more flexible policies toward Iran in comparison to the former US president, Donald Trump's administration,” Homayoun Falakshahi was also quoted as saying by ILNA.
June 24, 2023 18:04
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Fivefold Spike in NIOC’s Oil, Condensates Exports in 2 Yrs.
Russian President Vladimir Putin’s decision to attack Ukraine one year ago roiled energy prices and the US administration did not have any choice but to be more flexible and allow Iran and Venezuela to increase their international sales so that prices wou
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