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Iran’s official denies resuming oil exports to Germany

Oil&Gas Materials 9 February 2014 14:41 (UTC +04:00)

Baku, Azerbaijan, Feb.9

By Fatih Karimov - Trend:

Iran has not yet resumed exports of crude oil to Germany, IRIB quoted National Iranian Oil Company's director for international affairs Mohsen Qamsari as saying on February 9.

He denied a report published in a German magazine, claiming that Iran has resumed oil exports to Germany after the Geneva deal eased some sanctions against Iran's oil sector.

The German magazine had reported that 26 Iranian tankers have been loaded with crude oil heading toward Germany.

On January 12, Qamsari said the implementation of the Geneva nuclear deal will pave the way for an increase in Iran's oil exports.

"All customers of Iran's oil are waiting for the deal to come into force," he said.

"Iran exported around 1.2 million barrels of gas condensates per day in the previous year," he said, adding that the figure has reached to 1.4 million barrels in the current year.

Reuters last month quoted an Iranian oil official as saying that the country exported 600,000 barrels of oil per month (21.3 million liters per day) in the first three quarters of the current year.

Oil exports make up 80 percent of Iran's total export earnings and 50 percent to 60 percent of its government revenue, according to the Economist Intelligence Unit.

After achieving a nuclear deal between Iran and the P5+1 on November 24, 2013, the West promised to unblock a part of Iran's inaccessible assets outside the country.

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