Iran says sold Poland 2mn barrels of oil
Iran says it has sold a major cargo of crude oil to Poland in what could put the country in an intense rivalry with Saudi Arabia and Russia in supplying the markets of northern Europe.
Mohsen Qamsari, the director for international affairs of the National Iranian Oil Company (NIOC), has been quoted by the media as saying that Poland’s Grupa Lotos has bought 2 million barrels of crude from Iran in a one-off purchase.
Qamsari has been quoted as saying that the cargo was loaded at Iran’s Kharg Island last week.
“Signing a long term contract would depend on the two countries’ situation,” Reuters has quoted the official as saying.
Reuters reported on Thursday that a supertanker with Iranian crude was heading toward Poland’s Baltic Sea port of Gdansk. This, it said, further showed how Iran continues to claw back market share after the lifting of Western sanctions.
The Atlantas Very Large Crude Carrier (VLCC) left Iran's main oil export terminal Kharg Island laden with 2 million barrels of crude on June 27.
Nearly wholly dependent on oil from Russia, Polish refiners are taking advantage of the turf war and cheap oil prices to try alternative grades and gain a stronger negotiating position with Russian producers.
Lotos started taking Saudi oil last year - in a development that Moscow called a major challenge - and PKN Orlen recently signed a supply deal with Saudi Aramco, its first long-term deal with a supplier from the Gulf region.
Both companies said they were also interested in running Iranian oil in their refineries, Reuters added.
Before sanctions, Iran was exporting about 2.2 million barrels per day (bpd). July exports are expected to be around 2.1 million bpd, up about 70 percent year-on-year.
Apart from Poland, Spain and Italy among other European countries have also recently taken measures to import crude oil from Iran.
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