Iran's March crude exports to fall to 810,000 bpd
Iran's customers will load 810,000 barrels per day (bpd) of crude in March compared with about 1.1 million bpd in February, Asriran.com reported, citing Reuters.
Excluding Turkey, the only European buyer of Iranian crude, Tehran's top customers in Asia -- China, India, South Korea and Japan -- will load 703,000 bpd in March versus about 960,000 bpd a month earlier. The numbers are based on loading plans and the amount ultimately imported may vary.
The fall may result in a revenue loss of about $1 billion for Iran.