Iran says oil exports undisrupted as sanctions loom

A top Iranian oil official says all of the country’s oil cargoes have designated customers worldwide, stressing that the potential US sanctions have not thus far undermined the flow of oil supplies to international markets.

Pirooz Mousavi, the head of the National Iranian Oil Terminals Company (NIOTC), was quoted by media as saying that Iran’s total exports of oil and condensate stood at an average of 6 million barrels per day (m/bpd). Mousavi added that 60 percent of exports were made to Asia and the rest to Europe.