Iran sells oil to Shell in spot market

Oil&Gas Materials 10 June 2016 15:08 (UTC +04:00)

Baku, Azerbaijan, June 10

By Emil Ilgar - Trend:

Iran has sold a crude oil cargo in the spot market to Royal Dutch Shell Plc, but negotiations are still being carried out over signing a long-term oil export to this company, International Affairs Director at the National Iranian Oil Company Mohsen Qamsari told Mehr news agency June 10.

Shell booked the Delta Hellas tanker to carry one million barrels of Iranian crude to Europe, loading July 1, Bloomberg reported Thursday.

Qamsari said Iran is also talking with BP to sell crude oil to that company, but hasn't signed an agreement yet.

Before the sanctions, imposed in 2012, Iran was exporting 800,000 barrels per day of oil to Europe, but currently this volume is around 290,000-390,000 barrels per day.