Europe, biggest buyer of Iran’s crude, says official

Young journalists club

News ID: 20757
Iran » Iran
Publish Date: 19:22 - 18 March 2018
TEHRAN, March 18 - Spokesperson of the Union for the Exports of Oil, Gas and Petrochemicals Hamid Hosseini said Europe is Iran’s biggest crude buyer.

Europe, biggest buyer of Iran’s crude, says officialTEHRAN,Young Journalists Club (YJC) - He said although Europe has broken promises towards the nuclear deal, it is biggest buyer of Iranian crude and the prime investor in this field.

He noted the nuclear deal helped Iran’s oil industry and the industry could increase output, take back its share of global markets and accomplish stopped plans in South Pars gas field.

Hosseini added Total and Europeans have made the biggest investment in Iranian oil sector.

Based on the nuclear deal officially known as the JCPOA, Iran halted some of its peaceful nuclear activities in exchange for the removal of nuclear-related international sanctions.
Many of those sanctions, including those that used to target Iran’s banking system, have been technically lifted but companies still refrain from engaging in major deals with Iran as they fear a US reprisal.

US President Donald Trump has repeatedly designated the JCPOA as a deal that harms US interests and should be either cancelled or repaired.

Other parties to the nuclear agreement, namely Russia, China, Britain, Germany and France, have all criticized Trump’s views on the deal, saying the agreement is sound and has proven to be functioning.

 

Tags
iran ، europe ، crude
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