Iran denies reports on Greece oil shipment stop

Iran denies reports on Greece oil shipment stop

Azerbaijan, Baku, Feb. 26/ Trend F.Milad/

Iran has denied reports on some domestic media saying the country has refused to deliver a 500,000 barrel of crude oil shipment to Greece.

The Oil Terminals Company's managing director Pirouz Mousavi refuted the reports, saying that selling oil to foreign customers is ordinarily being done, according to Mehr news agency.

Fars news agency reported today that Iranian oil tankers, carrying 500,000 barrels of crude oil to the destination of Greece's biggest refiner Hellenic Petroleum, just returned as Iran refused to deliver the consignment.

Iranian Oil Ministry spokesperson Ali Reza Nikzad-Rahbar announced last week that crude exports to British and French companies have been halted.

The National Iranian Oil Company's managing director Ahmad Qalebani has said if Spain, the Netherlands, Greece, Germany, Italy and Portugal continue their bellicose attitudes toward the Islamic Republic, Iran will also cut oil exports to them.

Qalebani also said the NIOC had already informed European buyers that in future they would need to ink 3-5 year contracts with Iran.

The National Iranian Oil Company has predicted that international spot price for oil will jump to $150 per barrel due to Iran's plan to suspend exports to some European states.

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