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Oil report

Iran has exported 700,000 bpd of oil since March - Fars

DUBAI, Nov 11 (Reuters) - Iran’s average oil exports have been 700,000 barrels per day since March, the country’s deputy head of Budget and Planning organisation said on Wednesday, in defiance of U.S. sanctions aimed at dropping Tehran’s main source of income to zero.

“The average oil sales so far this (Iranian) year have been 600,000 to 700,000 barrels per day,” Hamid Pourmohammadi told Iran’s semi-official Fars news agency, without providing further details. The Iranian year began on March 20. (Writing by Parisa Hafezi, editing by Louise Heavens)

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