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Dwindling Crude Oil Exports Due to International Sanctions Prompt Iran to Increase its Oil Storage Capacity

  • ID: 2368672
  • December 2012
  • Region: Global, Iran
  • 5 pages
  • GlobalData

Dwindling Crude Oil Exports Due to International Sanctions Prompt Iran to Increase its Oil Storage Capacity

Summary

Since December 2011, the US and European Union (EU) has targeted Iran’s energy sector with sanctions, putting an embargo on Iran’s oil exports to different nations. The international sanctions on Iran over its controversial nuclear program have severely affected the country’s oil exports, leading to a piling up of unsold stocks. Faced with dwindling oil exports following the sanctions, Iran has decided to increase its oil storage capacities by around 8 million barrels (mmbbl) beginning March, 2013, which is in addition to projects already planned.

Scope

- The viewpoint explains how international sanctions have severely affected Iran’s oil exports since the end of 2011.
- The viewpoint also covers how Iran plans to increase its crude oil storage capacity in view of sanctions in order to accommodate piling up of unsold stocks.
- Geographic Scope- Iran.

Reasons to buy

- To know about how the oil export sanctions have crippled Iranian economy.
- To understand how the declining oil exports are leading to increasing inventory of crude oil in Iran.
- To know about Iran's plans to increase its crude oil storage capacity in view of sanctions affecting exports..

Note: Product cover images may vary from those shown

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1

1.1 List of Tables
1.2 List of Figures
2 Summary
3 Dwindling Crude Oil Exports Due to International Sanctions Prompt Iran to Increase its Oil Storage Capacity
3.1 International Sanctions have Severely Affected Iran’s Oil Exports Since the End of 2011
3.2 Declining Oil Exports are Leading to Increasing Inventory of Crude Oil in Iran
3.3 Iran Plans to Increase its Crude Oil Storage Capacity in View of Sanctions Affecting Exports
4 Appendix
4.1 Sources
4.2 Methodology
4.3 Contact Us
4.4 Disclaimer

1.1 List of Tables
Table 1: Economic Impacts of International Sanctions on Iran, 2012

1.2 List of Figures
Figure 1: Oil Market, Iran, Reduction in Iran’s Oil Exports to Major Countries (mbd), 2011 (Yearly Average) and October, 2012 (Monthly Average)
Figure 2: Exchange Rate of IRR Against US$ during the Pre- and Post-Sanction Period in Iran, January 2009 to December 7 2012
Figure 3: Iran, Monthly Crude Oil Production, January 2012–October 2012
Figure 4: Iran, Existing and Planned Crude Oil Storage Capacity (mmbbl), 2011–2014

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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