Possible route for Iran’s oil supply to European countries revealed
By Nigar Abbasova
Ukransnafta, Ukraine’s national operator of oil pipelines has revealed a route proposed for Iran’s oil deliveries to Ukraine and other European countries.
“Oil transportation through Bosphorus to the Pivdennyi Marine oil terminal (Southern region of Ukraine) and further via Odesa-Brody pipeline to the southern branch of the Drujba pipeline to the EU countries may be considered as a prospective route for the transit of oil to the countries of Central and Eastern Europe through the territory of Ukraine,” the company told Trend.
Ukransnafta has recently reported about its intention to consider possibilities for the use of the company’s transport infrastructure to carry out transit of Iran’s oil to the countries of Central and Eastern Europe, as well as supplies of raw materials for processing in the domestic market.
Ukraine’s Energy and Coal Industry Ministry earlier told Trend that Iran is considering the possibility of oil deliveries to refineries of Ukraine and Europe.
Iran's Oil Minister Bijan Namdar Zanganeh previously said that Ukraine is interested in transiting Iran’s oil and gas to Eastern Europe, mentioning that Iran needs to study if it is economically justified to export a part of Islamic Republic’s gas and oil to Czech Republic and Slovakia through Ukraine.
“More thought needs to that end to see whether transit of part of Iranian oil to Czech and Slovakian republics through Ukraine is economical or practical. Ukraine enjoys sophisticated industries of rotating machines and now we are cooperating with it in turbines and gas industry compressors,” said the minister.
Iran’s oil export already reached 2.74 million barrels per day (mbpd) in July. The Islamic Republic exported 2.1 million barrels of crude oil per day in July. About 25 percent of Iran’s crude oil export goes to Europe, while Asian markets share 75 percent of Iran’s crude oil exports.
Tehran eyes export of 63 percent of its crude oil to Asian markets and the remaining to European and other consumers. Sanctions against the Islamic Republic were lifted in January 2016.
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Nigar Abbasova is AzerNews’ staff journalist, follow her on Twitter: @nigyar_abbasova
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