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Iran blasts Europe for not buying its oil despite U.S. waivers

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Italy and Greece have refused to buy Iran’s crude despite having obtained U.S. waivers to continue importing the country’s oil.

Iran’s Oil Minister, Bijan Zangeneh, disclosed on Tuesday that only Turkey among the European nations purchases its oil. The minister expressed displeasure at Italy’s and Greece’s refusal to buy its oil saying that the two countries do not respond to “our correspondence” either.

You would recall that the U.S. re-imposed sanctions on Iran November last year granting waivers to eight countries to continue importing oil from Iran at reduced rates until early May 2019. The eight countries include Italy, Greece, Turkey, China, India, Japan, South Korea and Taiwan.

After more than a month of clarifying how much and under what conditions they would purchase Iranian oil, the four major Asian buyers of Iran’s oil – China, India, Japan and South Korea have commenced buying limited volumes of Iranian crude.

Oil Minister Zangeneh who refused to disclose how much oil Iran has been exporting since the sanction, described the sanctions as a “unilateral war against Iran’s petroleum industry”, Iran’s Ministry news service reported.

Zangeneh also commented on U.S. sanction on Venezuela, condemning it and saying that it has affected the oil market.

Source OilPrice
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