Iran oil customers rise to 10: Report

EghtesadOnline: The number of the countries on the list of the buyers of Iran's oil which had been limited to five due to unfair anti-Iran sanctions has risen to 10 after the average oil exports of the country reached 2.1 million barrels per day.

News ID: ۷۶۸۹۳۲

22 August 2016

According to a report by IRNA on Monday, some European countries have been added to the list of buyers of Iran's oil.

This happened after the deal known as the Joint Comprehensive Plan of Action (JCPOA) between Iran and world powers on July 14, 2015. Two sides agreed to implement the deal on January 16, 2016.

China, India, Japan, South Korea and Turkey had been customers of Iran's oil during the sanctions era.

Under the sanctions, they were allowed to daily import near one million barrels of oil in total from Iran.

Oil exports to Europe had almost stopped during the sanctions period. Just Turkey which is located in both Asia and Europe was importing 60,000 to 100,000 barrels per day of Iran's oil at that time.

After the announcement of 'Implementation Day', the obstacles to export Iranian oil were removed and Tehran made efforts to increase its exports to return to oil markets.

So, on one hand the Asian customers raised their imports of Iran's oil and on the other hand, the Europeans resumed buying oil from Iran after several years.