Iran Exports 2m Barrels of Crude to Poland

Iran Exports 2m Barrels of Crude to Poland

The director for international affairs at National Iranian Oil Company (NIOC), Mohsen Ghamsari, has declared that Poland’s Grupa Lotos has bought 2m barrels of Iran’s crude oil in a one-off purchase, according to Al Arabiya.

Iran Front Page reported that the cargo, that contained the first Iranian crude sold into this part of the Baltic Sea market, was loaded at Iran’s main oil export terminal Kharg Island and is transported by an Atlantas Very Large Crude Carrier (VLCC).

The source wrote that before sanctions, Iran was exporting about 2.2mb/d. July exports are expected to be around 2.1mb/d, up about 70% year-on-year.

The sanctions were removed in mid-July 2015, when Tehran and the Group 5+1 (Russia, China, the US, Britain, France, and Germany) had reached an agreement on Iran’s peaceful nuclear program and started implementing it in January 2016.


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