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Iran Plays Hardball with European Oil Buyers, Slowing Exports

stander
stander
in Oil, Gas and Energy News

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LONDON, March 9 (Reuters) - Iran has managed to sell only modest volumes of oil to Europe since the lifting of sanctions seven weeks ago and several former buyers are staying away, citing legal complications and Tehran's reluctance to sweeten terms to win back customers.


Tehran had been unable to sell crude to European firms since 2012 when the EU imposed sanctions over its nuclear programme, depriving it of a market that accounted for over a third of its exports and leaving it relying completely on Asian buyers.



http://www.downstreamtoday.com/news/article.aspx?a_id=51368


Edited by stander

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