Oil reserves in the vaults of Iran could reach 80 million barrels

Date: 13:01, 04-09-2015.

Almaty. September 4. Silkroadnews - "Iran's oil reserves, held in floating storage may reach 80 million barrels", - said the publication with reference to the former general manager of the National Iranian Oil Company (NIOC) and the country's representative in OPEC Fereydun Bakreshli.
Earlier, Iran's Oil Minister Bijan Namdar Zanganeh said that the country has about 60 million barrels of condensate unsold stored in tankers.
According F.Bakreshli, who is currently a private consultant and president of the research group Vienna Energy Research Group, external evaluation of the volume of oil reserves are biased.
Various sources reported earlier that Iran keeps in tankers about 40-50 million barrels of oil and can throw them on the market almost instantly.
Co-director of the Institute for the Analysis of Global Security in Washington Gal Luft, dealing with issues of energy security, noted that today the market is well supplied with condensate, and prices fell
"However, if there was a demand for the use of condensate as fuel for jet engines, the ratio of supply and demand could change", - he said.

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