Iran Ramps Up Oil Exports By Relying On Floating Storage

Dalga Khatinoglu
Dalga Khatinoglu

Oil, gas and Iran economic analyst

Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.
Iranian flag with stock graph and an oil pump jack miniature model are seen in this illustration taken October 9, 2023.

While Iran’s oil production remained largely unchanged, the country was able to increase its oil exports by selling millions of barrels from floating storage during the first quarter of 2024.