Iran’s oil export to Europe hits new record

TEHRAN, Apr. 08 (MNA) – An official of the National Iranian Oil Company told Mehr News Agency that Iran’s oil export to Europe is at the highest level after 2011 sanctions.

Currently 35 percent of Iran’s daily oil output is destined to Europe, said Seyed Mohsen Ghamsari, Director of International Affairs and Board-Member of NIOC (National Iranian Oil Company), while declining to give an exact number for the amount of the oil export insisting that the statistics are not stable at the current stage.

The official highlighted that the current amount is the highest after the EU succumbed to US-brokered anti-Iran sanctions in 2011.

Last week, Ghamsari had told the media that oil sell to Greek was resumed and recounted that new oil contracts were to be signed with European oil giants.

Considering the statistics provided by Iranian Oil Minister, Bijan Namdar Zanganeh, that currently Iran is exporting 1.70 to 1.75 million bpd oil, the 35 percent exported to Europe would be more than 500,000 bpd.

Experts project that after oil contracts with Russia’s Lukoil, France’s Total, and Spain’s Cepsa, other companies would rush to the new market for their own share among them The Vitol Group of Switzerland, Italy’s Eni, Shell of Britain, MOL Group of Hungary, and Turkey's Tupras.

 

YNG/3592982

 

 

News Code 115636

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