Idea Kav

Abdullah Babakhani: Oil export in October

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by

chahooki
in

Abdullah Babakhani:

Oil exports in October
(the record of the last 50 months was not broken)

According to the OPEC report, Iran’s oil production in October was 2.548 million barrels per day, of which 1.691 million barrels were consumed in domestic refineries and 857 thousand barrels were exported.
tip:
Exporting does not mean selling.

s:
Regarding export, it does not mean sale, can you explain?

J:
It may not be sold and stored in floating tanks in other ports. Now we have about 80 million barrels of exported oil in the ports of other countries, which have been accumulated for several years and have not been sold due to the embargo.

s:
Mr. Babakhani, what are the costs and benefits of storing in tanks at sea?

J:
The advantage is that when the price goes up, you will sell ready oil at your destination. The disadvantage is that if you can’t sell at that particular time, you have to wait for another time, and the rent may be much more than the oil money.

s:
Where do they see the oil sent to overseas refineries??

J:
We do not have a cross-border refinery. What they say is an unreal sentence. The cross-border refinery has two forms. Own it or rent it from us. Due to sanctions, we cannot do both. The repair and manpower supply contract has nothing to do with the cross-border refinery. But if we have a day, I agree

s:
There is no doubt in your interpretation
The question is, does the oil or condensate that goes to Venezuela and the products it brings go to the export of crude oil??

J:
Exporting to Venezuela is not interesting due to the long distance and its costs and Venezuela’s problems in paying trade. We left safe markets like India, with which we had a lot of trade, to Russia

s:
If export is the same as sale, which is unfortunately not the case,
1- At what price?????
2- It shows a decrease again. Of course, they might say that we saw the dollar at 23 tomans, now it is 35 tomans and justify it.

J:
Playing with numbers shows the result of the budget and inflation

s:
Peace be upon you
What do you mean by this sentence?
The record of the last 50 months was not broken

J:
A few days ago, there was a news in the Iranian newspaper that the export in October had broken the record of 50 months after the departure of Trump. They advertised a lot. But it turned out that it was not true and in the first 15 months of Biden’s term, Iran sold the most oil in the last 50 months

s:
In this statistics, gas condensates are not included, in addition to the fact that a part of the product of the refineries is exported. Taking into account the export of 250 thousand barrels of gas condensate, we reach the figure of one million and one hundred thousand barrels

J:
When we compare the statistics with the oil of other countries or the oil of 2016 or before the revolution, you should not count the condensates.

Abdullah Babakhani:

Believe me, if we had returned to the JCPOA in March, we would have replaced Russia with at least 1 million barrels of the European market. to introduce a representative to buy oil and sell it themselves.

s:
Mr. Bagheri, by accepting the conditions of the West, demanded that the declaration of the negotiation, not to accept the noble.
No enemy, like their own illiteracy, brought them to the ground. In all fields.

J:
The problem now is not just agreement. The European market was replaced by Saudi Arabia and Iraq, and the Asian market is saturated with Russian oil. This was a danger that we had warned many times

s:
Are you sure it was 120 dollars, and it didn’t reach 40 dollars like after the first JCPOA?

J:
Our oil number of 1 million barrels compared to 100 million barrels in the world could not bring oil from $125 to $40

This post is written by amirsalimiQ