In Europe, arrived first vessel of oil out of Iran after removal of sanctions against the Islamic Republic. About it reports Bloomberg.
275-meter tanker “Monte Toledo” has come all the way to Spain for 17 days. At present the crude oil refinery company Cia. Espanola de Petroleos, near Algeciras.
In February, according to the Agency, in the Iranian ports were loaded with 29 vessels. Three of them go to Europe in Constanta, in France and probably in one of the Mediterranean ports.
It is estimated that Iran exported in February, about 1.4 million barrels per day. The increase amounted to 350 thousand barrels per day, compared with the average level last year. Tehran promised to increase this figure.
It is expected that Iranian production will recover to 3.6 million barrels per day, compared to 2.8 million when there was the embargo.
Iranian oil will be transported to the markets of several countries, such as Spain, Romania, Tanzania, France, UAE.
However, continuing to act banking restrictions create difficulties to customers with calculations of oil. Iran in this regard, in particular, to exchange the oil for gasoline.
The EU and the U.S. on January 17, lifted sanctions on Iran. Tehran and “six” of international mediators (the U.S., Russia, China, Britain, France, Germany) have agreed on the nuclear programme of the Islamic Republic.
Following this, the government approved an increase in the production of oil by 500 thousand barrels a day.