Europe purchases 40% of Iran's exporting oil in February

670  Views   |   Friday, March 9, 2018

Tehran, March 6, IRNA – Iran exported around 2.6 million barrels of oil and gas condensates in February, 40 percent of which was for the European purchasers.

Europe purchases 40% of Iran's exporting oil in February

Asian and European countries in February bought around 1.16 million barrels of crude oil and 430,000 barrels of gas condensates from Iran.

Asian and European share from this purchase was around 60 and 40 percent, respectively.

China, India, South Korea and Japan are the biggest Iran's oil customers in Asia.

Dutch-British Shell, France Total, Italian ENI and Saras Companies, Greek Hellenic Petroleum, Spain Repsol and Hungary MOL are Iran's crude oil customers in Europe.

Petroleum Ministry reported that 40 crude oil refineries in the world are purchasing Iran's oil and gas condensates.

Iranian gas condensates mainly sell to Asian refineries and South Korea is the biggest customer of Iran's gas condensates.

Deputy Petroleum Minister for international and commercial affairs Amir Hossein Zamani-nia had recently replied a question concerning demand for Iran's crude oil that Iran has always have its own customer and there is no need to use innovative methods to sell its oil.