Top
Begin typing your search above and press return to search.
Madhyamam
    keyboard_arrow_down
    Login
    exit_to_app
    exit_to_app
    Homechevron_rightWorldchevron_rightIran increases oil...

    Iran increases oil production, sends first shipment to Europe

    text_fields
    bookmark_border
    Iran increases oil production, sends first shipment to Europe
    cancel

    Tehran: Iranian Deputy Oil Minister Rokneddin Javadi has announced that his country has increased its oil production by 400,000 barrels per day after the lifting of international sanctions against the Islamic Republic, adding that an increase by another 200,000 barrels per day will take place.

    Javadi made this announcement while revealing that Iran has sent its first crude oil shipment to Europe in five years. Four million barrels were exported to a refinery in Spain as well as the Total French company and the Russian Lukoil company.

    According to Fars news agency, Iran is selling its oil to Europe at a discount and at a lower price than that offered by Saudi Arabia.

    Increasing oil exports is the main objective of the Iranian ministry of petroleum since the implementation of the nuclear agreement reached with the P5+1 countries (the US, France, China, Britain, Russia and Germany).

    Show Full Article
    TAGS:
    Next Story