Friday, October 12, 2012

Iran’s Oil Production Declines to 2.63 Million bpd

Oil Exports Hits New Low of 860,000 bpd


Iran’s oil production has fallen to its lowest since the end of Iran-Iraq war in 1988. The International Energy Agency (IEA) reported today that the Iranian supply fell by 220,000 barrels per day (bpd) in September to 2.63 million bpd. The decline is much steeper than previously expected and is due to mounting Western sanctions.

Meanwhile, Iranian exports slipped to 860,0000 bpd in September, the IEA reported. This is a new low. Iran exported 2.2 million bpd at the end of 2011.

“Whereas many expected the sanctions to lose some bite in September as Iranian exporters and some of their clients were reportedly seeking ways to get around insurance constraints, in fact compliance appears to have tightened," the IEA said. (Reuters, 12 October)

File Photo: IRNA

12 comments:

Anonymous said...

A well known quote by Khomeini.

"Economy is for donkeys."

Anonymous said...

Basically Iran is not an oil country anymore.

I must say, however, that I am annoyed by Iranians who felt entitled to foreign products without having to work for it.

Iran will have to be like other countries -- if you want something, you have to give something of value. So learn to make high quality products that you can export instead of demanding them for something underground.

Anonymous said...

Anon 11:47 AM

Basically Iran isn't anything anymore.

Anonymous said...

may suffer iran from less oil reveneu but comes out more strong and less dependent from oil.

even more they (western) try to isolate us, we get better.
Ayatollah Khomeini

Anonymous said...

Anon 7:02 PM

Ayatollah Khomeini is dead!

Anonymous said...

Anon 11:47 AM

Your generalization that Iranians who felt entitled to foreign products without having to work for it smacks of ignorance and prejudice so take your anti-Iranian rubbish elsewhere.

Anonymous said...

More dysentery from 11:47 AM.

Anonymous said...

may suffer iran from less oil reveneu but comes out more strong and less dependent from oil.

even more they (western) try to isolate us, we get better.
Ayatollah Koko the Clown---------

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seems to me that I remember that before Khomeini Iran hasn't dependent on imports of food and was self-sufficient in that rather significant department.

if only the regime to teach the people how to eat all the unsold oil.

Anonymous said...

These figures are a politically motivated joke and that is well known to anyone who actually lives in Iran or knows anything about the Iranian oil industry. They are not based on any solid information, and are facially absurd. Iran's three major customers, India, China, and Turkey alone import more than 1 million barrels a day. And of course that does not include exports to various other countries. Imports to South Korea and Japan resumed in September at the previous levels of 200,000+ for each country.

Nader Uskowi said...

Except that these figures have been reported by the IEA, the industry's premier reporting agency, and no one has ever accused them as being jokers.

Anonymous said...

What a wonderful information !!

Let's prepare ourselves for a funeral of this entity.

Anonymous said...

zionists are laughing as their mission accomplished, Tunisia, libya, egypt, next syria, iran. what about bahrain?