Imports by Iran's four biggest buyers - China, India, Japan and South Korea - totaled just over 1 million barrels per day (bpd) last month, 9.9 percent higher than a year earlier, government and tanker-tracking data showed, Reuters reported today.
Iran sees its oil exports rising by 500,000 barrels per day by late November or early December much sooner than some in the West expect when sanctions are lifted on the country.
Iran also expects to add 1 million barrels a day to its current exports by the spring of 2016, Director of investment at the National Iranian Oil Company (NIOC) Ali Kardor said last week.
The country plans to return to the pre-sanction sales levels in the shortest possible time when the restrictions are lifted.
Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) on July 14 reached a conclusion on a lasting nuclear agreement that would terminate all sanctions imposed on Tehran over its nuclear energy program after coming into force.