Iran Cuts February Crude Oil Shipments to Two Asian Refiners

By Christian Schmollinger

Jan. 7 (Bloomberg) -- Iran, OPEC’s second-largest producer, will reduce shipments of crude oil for February to two refiners in Asia as part its commitment to the group’s output cuts, said officials from the companies.

Iran will reduce supplies sold under long-term contracts by 14 percent, said the two officials at refineries in Taiwan and Singapore, who asked not to be identified because of company rules.

The Middle East country produced 3.85 million barrels a day in December, according to a Bloomberg survey of oil companies, producers and analysts.

To contact the reporter on this story: Christian Schmollinger in Singapore at christian.s@bloomberg.net.