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Iran incapable of exporting light oil to Romania

Business Materials 15 June 2016 12:03 (UTC +04:00)

Baku, Azerbaijan, June 15
By Khalid Kazimov - Trend:

Iran is not prepared to export light oil to Hungary, an Iranian oil official said. International Affairs Director at the National Iranian Oil Company Mohsen Qamsari has said that talks are underway for exporting crude oil to Hungary, Mehr news agency reported.

According to the official, the ides are studying a deal for Hungary's purchase of about 35,000 barrels of crude from Iran. Although Iran is not prepared to export light oil, the talks with Hungary still continue, the official added. Qamsari further said that several eastern European countries have become interested in purchasing Iran's oil following the implementation of the Joint Comprehensive Plan of Action (JCPOA). Over the past several months Iran has hold talks with several eastern European oil companies. Meanwhile, Iran has shipped its first oil cargo (one million barrels) to Romania through Litasco, the commercial division of Russia's Lukoil.

France, the UK, Spain and Italy were among Iranian oil's major customers before imposing sanctions on the Islamic Republic.

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