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Iran Special Report: The difficulties of Iranian crude & condensate returning to the market

Iran Special Report: The difficulties of Iranian crude & condensate returning to the market

Explore the dynamics of Iranian crude/condensate exports so far this year, with highlights of onshore inventories and freight shipping markets.

12 September, 2022
Armen Azizian
Armen Azizian, Crude Market Analyst

Iranian crude/condensate exports peaked in January 2022, but have declined in recent months as Iran competes with Russia for crude sales to its main buyer – China.

Facilitating an increase in August exports, onshore crude inventories in Iran have fallen to multi-year lows of 95mb as production stays flat. Iran’s swap agreement with Venezuela has expanded in 2022, allowing Iran to increase exports to Venezuela’s refineries, though having only a marginal impact on total Iranian exports.

Click below to access our exclusive report with industry-leading insights, derived from Vortexa’s powerful proprietary data.

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Armen Azizian
Crude Market Analyst
Vortexa
Armen Azizian
Armen is a crude analyst at Vortexa, analysing global crude markets to extract value for clients. He also closely tracks sanctioned crude flows, with a specific focus on Iran.