Iran Sanctions: Hellenic Petroleum Suspends Purchases of Iranian Crude

Iran Sanctions: Hellenic Petroleum Suspends Purchases of Iranian Crude

Greek company Hellenic Petroleum suspended purchases of Iranian crude oil in June because of the recently reimposed US sanctions, a company official announced on August 30, according to Reuters.

“The Iranian crude was effectively stopped from our feedstock in June 2018”, Deputy Chief Executive Officer Andreas Shiamishis stated.

He added that the company has secured oil purchases for its refineries from other sources including Europe and Saudi Arabia.

 

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