{"id":12146,"date":"2012-07-06T00:14:23","date_gmt":"2012-07-05T22:14:23","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/update-1-iran-losing-billions-as-oil-exports-extend-slump\/"},"modified":"2012-07-06T00:14:23","modified_gmt":"2012-07-05T22:14:23","slug":"update-1-iran-losing-billions-as-oil-exports-extend-slump","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-iran-losing-billions-as-oil-exports-extend-slump\/","title":{"rendered":"UPDATE 1-Iran losing billions as oil exports extend slump"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details, quotes)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Iran to ship at most 1.1 mln bpd in July, half of 2011 avg<\/p>\n<p><span><\/span><\/p>\n<p>* Japan, S.Korea halt Iran imports this month<\/p>\n<p><span><\/span><\/p>\n<p>* Iran forced to store more crude<\/p>\n<p><span><\/span><\/p>\n<p>SINGAPORE\/TOKYO, July 5 (Reuters) &#8211; Iran will see its July<br \/>\noil exports more than halved from regular levels seen last year<br \/>\nbecause tough new Western sanctions are stifling flows and<br \/>\ncosting Tehran more than $3 billion in lost revenue per month.<\/p>\n<p><span><\/span><\/p>\n<p>Declining oil exports, the lifeblood of the Iranian economy,<br \/>\nwill increase Tehran&#8217;s struggle to contain spiralling inflation<br \/>\nand mounting unemployment amid its standoff with the West over<br \/>\nits nuclear programme.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;They will eventually have to close down production. Right<br \/>\nnow it seems very unlikely that they will get any relief from<br \/>\nsanctions any time soon,&#8221; said an executive with a Western oil<br \/>\nfirm with a long history of dealing with Iran.<\/p>\n<p><span><\/span><\/p>\n<p>Exports in July will be a maximum of 1.1 million barrels per<br \/>\nday (bpd), said an industry source familiar with Iran&#8217;s monthly<br \/>\nshipping plans and who declined to be named due to the<br \/>\nsensitivity of the matter.<\/p>\n<p><span><\/span><\/p>\n<p>Iranian exports have declined steadily from the 2.2 million<br \/>\nbpd average in 2011, as its oil buyers cut imports to comply<br \/>\nwith U.S. and European Union sanctions imposed due to concerns<br \/>\nthe country is attempting to build a nuclear bomb.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds details, quotes) * Iran to ship at most 1.1 mln bpd in July, half of 2011 avg * Japan, S.Korea halt Iran imports this month * Iran forced to store more crude SINGAPORE\/TOKYO, July 5 (Reuters) &#8211; Iran will see its July oil exports more than halved from regular levels seen last year because [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12146"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}