Subscribe free to our newsletters via your
. Energy News .




ENERGY TECH
Iran denies sanctions hitting oil sector
by Staff Writers
Tehran (UPI) Oct 15, 2012


disclaimer: image is for illustration purposes only

Iranian oil industry chief Mohammad-Ali Khatibi has denied an International Energy Agency assessment that Tehran's oil exports fell sharply last month.

The Paris agency indicated Iran's oil exports fell to 860,0000 barrels per day in September -- far below the December 2011 level of 2.2 million bpd, the Azerbaijan news agency Trend reported.

The IEA said economic sanctions slapped on Iran by the European Union and the United States over its uranium enrichment program had succeeded in narrowing its list of foreign oil customers to China, India, South Korea, Japan and Turkey.

Khatibi, however, refuted the report Saturday in comments to the Iranian Students' News Agency.

"Iran's oil exports are the same as previous months and the situation is stable," he said.

The IEA figures also indicated Iranian oil production was down 220,000 bpd last month compared to the August mark, dropping to the lowest levels since 1988, The New York Times reported.

At 2.63 million barrels per day, the IEA's figures put Iran's production close to its all-time low mark of 2.49 million barrels per day seen 24 years ago, Organization of Petroleum Exporting Countries figures showed.

Khatibi, also Iran's representative to OPEC, said his nation was finding new markets for its oil.

"The market for Iranian oil is beyond the mentioned countries ... We are always exploring new markets but we don't publicize them much because it may be detrimental," Khatibi told ISNA.

Iran's Mehr News Agency quoted a member of the Iranian Parliament, Mohammad Ali Abdollahzadeh, as saying oil exports have actually increased by 70 percent since the Iranian calendar month of Shahrivar, which started Aug. 22.

Khatibi asserted last month Iran's oil production is still putting it near the top of the OPEC list, showing continued strength despite the Western sanctions.

"We are responsible toward those figures we present directly to OPEC secretariat, the figures that show Islamic republic of Iran maintain its position as the second biggest oil producer in OPEC," Khatibi told the oil ministry's news service, known by its Persian initials SHANA.

He didn't offer specific figures, however. OPEC ranks Iran third in terms of oil reserves among member states.

Tehran in September announced that private companies delivered oil to the foreign market for the first time. An agreement with unspecified entities allows private companies to export about 20 percent of the country's total oil deliveries designated for the international market.

In terms of crude oil prices, Khatibi said prices of around $100 per barrel were nominal. Concerns expressed from major economies like the United States, he added, were likely a result of the presidential campaign season.

The EU and United States this summer hit Iran with a round of sanctions targeting its energy and financial sectors, barring other countries from buying its oil or dealing with the Central Bank of Iran.

Iran's currency, the rial, has plunged 40 percent compared with the dollar in recent weeks, sparking acute inflation within the country, Western experts have said.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Prestige oil spill disaster trial opens in Spain
A Coruna, Spain (AFP) Oct 16, 2012
Ten years after the sinking of the Prestige oil tanker off Spain, the ship's Greek captain and three others went on trial on Tuesday over the worst oil spill in the country's history. The first day of the trial, held at an exhibition centre in the northern port city of A Coruna, was dominated by procedural questions, with the accused only expected to take the stand in November. Apostolos ... read more


ENERGY TECH
EU blacklists Iran energy minister under new sanctions

GDF Suez chief confident in Brazil's electricity market

Canadians oppose Chinese takeover of energy firm

Michigan Energy Markets Poised to Foster Economic Growth and Job Creation

ENERGY TECH
Iran denies sanctions hitting oil sector

Pitt Engineers to Design Affordable CO2 Thickener to Augment Oil Extraction

Maliki mulls ditching Exxon for Russians

Prestige oil spill disaster trial opens in Spain

ENERGY TECH
DNV KEMA awarded framework agreement for German wind project developer SoWiTec

Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

EU wind power capacity reaches 100GW

ENERGY TECH
Interior Greenlights New Era for Solar Development on Public Lands in the Southwest

India Needs Concentrated Solar Power to Achieve Safer, More Reliable Energy Future

Motech Americas launches UL 1,000 Volt Certified Modules for PV Installations in North America

KYOCERA Supplies Solar Modules for North Queensland

ENERGY TECH
Fukushima panel chief hopes for change in Japan

Australia, India take first steps on nuclear deal

Australia to export uranium to India?

Tepco admits Fukushima mistakes

ENERGY TECH
Which Biofuels Hold the Most Promise for the Future

Palm Oil Massive Source of Carbon Dioxide

Super-microbes engineered to solve world environmental problems

Computational Model IDs Potential Pathways to Improve Plant Oil Production

ENERGY TECH
China launches civilian technology satellites

ChangE-2 Mission To Lagrange L2 Point

Meeting of heads of ESA and China Manned Space Agency

China Spacesat gets 18-million-USD gov't support

ENERGY TECH
Climate negotiations relying on 'dangerous' thresholds to avoid catastrophe will not succeed

Science Of Global Climate Modeling Confirmed By Discoveries On Mars

Obama, Romney asked to debate on climate

Glaciers cracking in the presence of carbon dioxide




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement