Iran oil exports fall as competition from Russia in Asia grows ...Qatar

Gulf Times - News
Iran oil exports fall as competition from Russia in Asia grows
Iran’s oil exports have fallen in recent months amid increased competition from Russia in the key market of Asia, according to people with direct knowledge of the Islamic Republic’s sales. Tehran’s daily crude exports have dipped from a peak of 1mn barrels to an average of 750,000 barrels, according to the people, who asked not to be named as the information is private. Iranian shipments are going head to head with those from Russia in countries such as China, prompting Tehran to regularly review and adjust its prices to stay attractive, they said. The US has heavily sanctioned Iran and its oil sector. That and the extra Russian barrels have forced Tehran to offer buyers discounts. Moscow

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