Iran announced its readiness to export crude to Spain, reported Press TV.

“We are still to arrive at a figure for oil exports to Spain,” said Mohsen Qamsari, the director for international affairs of the National Iranian Oil Company (NIOC). “But Iran used to export 200,000 barrels per day (bpd) in the pre-sanctions period”, he added.

He added that they still had to wait for sanctions to be removed fully to decide exactly how much oil it can export to Spain.

“We are determined to make our oil exports diverse,” he told reporters on the sidelines of a meeting between Iran’s Oil Minister Bijan Zangeneh and the visiting Spanish Minister of Industry, Energy and Tourism José Manuel Soria.

“The Europeans will nonetheless remain Iran’s crude clients the same way that they were before the sanctions were put in place”.

In related news Spanish Economy Minister Luis de Guindos told Bloomberg Television that low oil prices were good for the Spanish economy because “We import the majority of the commodities, especially in the case of energy”.

Declining oil prices meant a saving of 10 b euros ($11.1 b) — that will boost disposable income for households and lower costs for companies, de Guindos explained.

Spain’s growth rate was poised for an acceleration, he said, adding that it was already higher than the European average.