Italy prioritizes Iranian crude oil
Baku, Azerbaijan, Oct.25
By Fatih Karimov - Trend:
Italy's highest priority is to buy crude oil from Iran, Ahmad Pourfallah, the chairman of Iran-Italy joint chamber of commerce stated.
An Italian government official has declared that the country has not enough money to change its oil refineries and petrochemical units to be able to use oil from other countries rather than Iranian oil, Iran's Mehr news agency quoted Pourfallah as saying on October 25.
The EU banned importing oil from Iran in July, 2012, but Italy was allowed to import Iranian oil due to Iran having debts to the country.
Iran confirmed that the first oil cargo was exported to Italy in July.
In its monthly oil market report, the International Energy Agency said Italy imported 20,000 barrels a day of Iranian oil in July.
The delivery has been the first since June 2012-that came on the eve of an EU embargo which started the subsequent month.
Italy's refiners' association Unione Petrolifera confirmed the shipment-equivalent to a tanker of 600,000 barrels-in its latest report published on its website at an undisclosed date, the Wall Street Journal reported.