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Iran stands as fourth OPEC crude exporter
Based in London, Vortexa which pursues oil and gas flows across the globe, published the news and announced that Iran’s crude/condensate exports accounted for 9% of OPEC’s crude/condensate exports in February 2024 and again in May 2024, the highest share since August 2018, Shana reported.
“Iran’s crude exports averaged 1.56 mbd during January-May, around 250,000 higher than both Kuwait and Nigeria,” the website said.
According to Vortexa, “Despite ongoing sanctions, Iran managed to increase its crude/condensate exports to 1.7 mbd in May, the highest levels observed in more than five years.” The website also announced that an increase in Iran’s crude production, higher demand from China, and a net increase in the size of its dark fleet, have helped the country to increase its exports.