September 25, 2018
Volume 2 Issue 33
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.