Iran oil flows '100% secure'

Iran’s oil output and exports were unaffected by the wave of protests that have swept the country since Friday’s presidential poll, the country’s Opec governor said today.

“The oil industry is 100% secure,” Mohammad Ali Khatibi told Reuters. “There is no affect on production, exports or refining.”

Oil traders and shipbrokers also told Reuters there had been no impact to date on oil exports.

The biggest street protests since the revolution in 1979 have followed the election on Friday. In the run up to the revolution 30 years ago, strikes and protests paralysed oil exports and sent a shock through global oil markets.

Upstream Online