Seyyed Pirouz Mousavi, the Managing Director of the Iranian Oil Terminals Company (IOTC), touched upon the latest status for the arrival of European oil tankers in Iranian terminals saying “upon the implementation of JCPOA and the recent visit of Iranian oil officials to Europe, oil exports to Europe were resumed in recent days.”
Recalling that removal of bans on exports of Iranian crude oil was among the provisions of the nuclear deal, Mousavi commented “in the first month after the sanctions relief, Iran’s oil exports has climbed by 400 thousand barrels per day.”
The official stressed that roughly 25 to 30 per cent of the rise in oil exports targeted traditional customers of the Iranian crude asserting “moreover, the rest amount has been shipped to new buyers.”
