Iran’s Oil Export Has Dropped One Million Barrels a Day
The U.S Energy Information Administration (EIA) announced that Iran’s oil export has decreased more than one million barrels a day, and it is most likely that the sanction exemptions for Iran’s oil customers will not be extended.
The United States issued sanction exemption waivers for eight countries of China, India, South Korea, Taiwan, Turkey, Greece, and Italy for six months.
The EIA data shows that Iran’s oil production and export has dropped heavily during last year.
Iran’s oil production has dropped from 3.8 million barrels a day in last Winter, to 2.8 in the past December.
The report also shows that domestic oil consumption has increased due to winter. The data from the Islamic Republic’s energy ministry confirms the EIA data.
Based on the data, in the first three weeks of winter, over 61 million liters of gasoline and fuel oil have been delivered to refineries each day, while this number was 14 million liters a day in the previous nine months. Meaning fuel delivered to the powerplants has been quadrupled.
Natural gas delivered to power plants has decreased in the first three weeks of winter to 91 million cubic meters down from 212 million cubic meters, due to the heavy rise in the household consumption of natural gas. The household use of natural gas has increased to 540 million cubic meter which is two-thirds of the country’s natural gas production and will cause a shortage of gas delivered to industries and power plants.