The first tanker with Iranian oil to reach Europe – RBC

Engineer at oil terminal at Kharg island, Iran

Photo: AFP

The tanker Monte Toledo with 1 million barrels of Iranian oil reached on Sunday to the port of Algeciras in southern Spain. This is the first tanker to Iranian oil, which arrived in Europe after the lifting of Western sanctions since Tehran

The tanker Monte Toledo with 1 million barrels of Iranian oil arrived in Europe on Sunday after 17 days of travel, Bloomberg reported. This is the first tanker to deliver Iranian oil to Europe, after Brussels in January of this year, withdrew from Tehran sanctions against the Middle Eastern country in mid-2012.

According to the agency, 275-meter tanker Sunday began unloading the delivered oil to a refinery Spanish company Cia Espanola de Petroleos, next to the port of Algeciras in southern Spain. By mid-afternoon the tanker pumped ashore about a fifth of its cargo.

According to the agency, the plant Cia Espanola de Petroleos awaiting the arrival of about eight more ships with Iranian oil this month.

It time close to Europe are other tankers with Iranian oil. In February, Bloomberg counted 29 ships loaded Iranian oil, three of which are directed towards Europe. For example, a tanker sailing in Eurohope constant, the oil port of Romania, Atlantas tanker is on the way to France. Another tanker Distya Akula is anchored in the Suez Canal and, most likely, on his way to one of the Mediterranean ports.

Bloomberg notes that the arrival of the tanker Monte Toledo in Europe shows Iran return to the European oil market.

With reference to the preliminary data of the Geneva company Petro-Logistics SA, the agency notes that, overall, Iran exported in February, 1.4 million barrels of oil a day, up to 350 th. Barrels per day from the average level 2015.

However, according to director of Petro-Logistics Daniel Gerber, there are prerequisites that Tehran will soon increase its exports to 500 th. barrels per day, as promised. “I think that they will achieve the increase in exports by 500 thousand barrels per day in March.”, – Quotes agency the words

agrees with him head of the department of energy research at Citigroup Seth Kleinman, who. It notes that more and more countries buying Iranian oil. “You see tankers coming to Spain, Romania, Tanzania, France and the United Arab Emirates. Also in February, there was a surge [supply] in India “, – he said

Iran has had an opportunity to sell oil to European customers since mid-January, after the lifting of international sanctions.. Previous Iranian Oil Minister Bijan Zanganeh said that immediately after the removal of sanctions, Iran is ready to supply the world market of an additional 500 thousand. Barrels per day.