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BY Trend

Iran expects increase in its crude oil exports to the European countries during the current year, Ali Kardor, head of the National Iranian Oil Company (NIOC), said.

Giving the fact that certain European countries have expressed willingness to import crude oil from Iran, the country’s export to Europe likely to witness increase in 2017, Kardor said, Tasnim news agency reported.

He further said that the Islamic Republic currently exports 600,000 to 700,000 barrels of oil to Europe on a daily basis.

Currently foreign countries have hired about 30 Iranian tankers for oil transport, he said, adding that some foreign countries employ Iranian tankers to carry their purchased crude oil from Iran, which indicates Iran’s high potential in this regard.

Kardor also said that all of the problems in the way of insurance of Iran’s oil tanker fleet have been resolved following the removal of the international sanctions against the Islamic Republic last January.

During January, three Iranian super tankers reached Europe.

After several years of suspension regarding the sailing of Iranian oil tankers to EU due to sanctions, the first Iranian oil ship reached Spain's Algeciras and two other Iranian tankers also left Persian Gulf to Netherlands.

Iran’s oil exports to EU reached 622,581 barrels a day in January, according to Bloomberg’s calculations.

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