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September 25, 2018

Volume 2 Issue 17

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Iranian Exports Between Sanctions

When the United States reinstates sanctions on Iran’s oil industry in November, close to U.S. $47 billion of exports are likely to be hit hard. Gauging the impact on future base oil shipments has been difficult because of a dearth of accurate data, but a recent conference presentation by one refiner depicts the Islamic Republic’s base stock business as a major source of export revenues.