Iran reduces oil export to Germany
Azerbaijan, Baku, Sept. 6 /Trend/
Iran is reducing oil exports to Germany, with the reasoning that the country has never been a major destination for Iran's export oil, the Mehr News Agency reported, quoting the Director of International Affairs at the National Iranian Oil Company Mohsen Ghamsari.
"No long term contract has been signed between German's refineries and the National Iranian Oil Company," He said.
He noted that Iran is not concerned over the increase of Iraq's oil exports to Germany and some European countries.
Iran exported an average of 400,000 to 450,000 barrels of crude oil per day to Europe from the beginning of 2011 until now.
Sanctions against Syria's oil exports has increased Iran and Russia's rivalry to increase oil export to Mediterranean and European countries.
Iran has OPEC's second-highest oil output, and ranks second in the world in terms of natural gas reserves after Russia.