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More European refiners receive first shipments of Iranian oil

Apr. 29, 2016 12:23 PM ETTotalEnergies SE (TTE) StockTTE, EBy: Stephen Alpher, SA News Editor
  • In what would be the first post-sanctions cargo to hit Italy, that country's IPLOM has booked a 1M barrel cargo of crude from Iran, reports Reuters. Sources also says Greek refiner Motor Oil Hellas is set to receive its first post-sanctions Iranian oil.
  • France's Total (NYSE:TOT), Spain's Cepsa, and Greece's Hellenic Petroleum have also booked Iranian crude this year, while others like Eni (NYSE:E) have expressed interest.
  • At their peak, Iranian exports in 2011 hit over 2.5M barrels per day.

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