Iran unveils volume of oil export to Greece

Oil&Gas Materials 31 May 2016 12:53 (UTC +04:00)

Baku, Azerbaijan, May 31

By Emil Ilgar - Trend:

Iran has unveiled the volume of current oil export to Greece.

Iran sends very large crude carriers (VLCC) to Greece every month, Mohsen Qamsari, the international affairs director at the National Iranian Oil Company, told Mehr news agency on May 31.

He said that Greece is responsible for paying the cost of crude shipping.

Qamsari added that Hellenic Petroleum purchases 60,00 0 barrels per day (b/d) of Iranian crude.

Before sanctions, imposed on Iran in mid-2012, Greece was importing 120,000 b/d of Iranian oil. Sanctions on Iran was eliminated in mid-January 2016.

Hellenic Petroleum is estimated to have a debt of 500 to 600 million euros to National Iranian Oil Company for the oil purchased before the nuclear-related sanctions were imposed on Iran.

The EU stopped to oil import from Iran in 2012, but Iranian officials say the country resumed oil export to EU.

Before sanctions, EU was importing 800,000 b/d of Iranian oil.