Iran sells 14 million barrels of crude to Europe


Tehran, March 27 (IANS): Iran has sold 14 million barrels of crude oil to European countries since the international sanctions were lifted in January, authorities said on Sunday.

According to Shana, the Iranian Petro Energy Information Network, the purchases, which are seeking to overcome existing financial, legal and logistical obstacles, have been led by France's Total, Spain's Cepsa and Russia's Litasco, EFE news reported.

The French oil company has bought 11 million barrels, while the Spanish and Russian ones have bought 2 million and 1 million barrels respectively.

Before imposing sanctions on Iran over its nuclear programme, Europe -- particularly the southern Mediterranean countries such as Greece, Italy and Spain -- used to import around 800,000 crude barrels from the Islamic Republic daily.

During this period, Iran exported about 2 million barrels of oil a day, most of them to Asian countries.

In the past two months, Iran has increased its exports to reach 2.2 million barrels per day.

  

Top Stories


Leave a Comment

Title: Iran sells 14 million barrels of crude to Europe



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.