Iran never sells crude to Greece on credit
Azerbaijan, Baku, Nov. 25 / Trend D.Khatinoglu/
Iran has rejected a report published about selling its crude to economically suffering Greece on credit.
Earlier, Reuters reported that Greece is relying on Iran for most of its oil as traders pull the plug on supplies and banks refuse to provide financing for fear Athens will default on its debt.
Traders told Reuters that Greece has turned to Iran as a last resort supplier despite rising pressure from Washington and Brussels to stifle trade as part of sanctions against Tehran's nuclear programme 'Lack of bank financing has forced Greece to stop purchasing crude from Russia, Azerbaijan and Kazakhstan in recent months'.
The managing director of the National Iranian Oil Company (NIOC) Ahmad Qalebani told Mehr News Agency that Iran has never opened an unlimited credit line to sell crude to Greece.
According to OPEC's report published in May, Iran's average oil export was 2.246 million barrels of oil a day, including 764,000 barrels exported to European countries in 2010.
The Europe Union and the U.S. have imposed tight sanctions against Iran's nuclear programme beside the four rounds of UN Security Council's sanctions on Iran. According to the U.S. Energy Information Administration published on Nov 21, Iran's European oil customers decreased oil import from Iran to 450,000 barrels per day in 2011.