Iran likely exporting higher crude oil volumes than allowed, says IEA - FT.com

Iran likely exporting higher crude oil volumes than allowed, says IEA - FT.com:



"Iran is likely to have exported oil at higher levels than allowed under western sanctions for a fifth straight month in March, according to the developed world’s energy watchdog.



In its closely watched monthly report, the International Energy Agency said Iran had exported 1.65m barrels of oil per day in February and probably close to that level again in March.



“Preliminary data for March show imports from Iran [to OECD and non-OECD countries] declined to 1.05m b/d but that figure will likely be revised upwards closer to February levels on receipt of more complete data,” the report said."



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