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Iran: “No More Petroleum Exportation to Greece”

Iran stopped exporting petroleum to Greece, announced Iran’s Minister of Petroleum Rostam Ghasemi on Tuesday, according to Shana news agency.

“At this moment, Iran does not sell petroleum to Greece,” stated Ghasemi. He also commented that “Iran does not face any difficulties selling its petroleum and its petroleum products to other countries.”

Tehran supplies Spain with 180,000 barrels of oil per day, and 185,000 to Italy.

Iran, a founding member of the Organization of the Petroleum Exporting Countries, produces 3.5 million barrels of petroleum per day and exports about 2.5 million of them. In 2011, Iran was exporting 100,000 barrels of oil per day to Greece on average, a number corresponding to one third of Greek petroleum importations.

Last week, a representative of the Greek Ministry of the Environment, Energy and Climate Change said that Greece is searching for “alternative energy sources” after the embargo imposed on Tehran by the EU. This decision will be applied on July 1.

Greece is making an attempt to increase petroleum importing from countries such as Russia, Iraq, Saudi Arabia and Libya, from which they were supplied oil last year.

Iran decided in mid-February to stop selling petroleum to France and Great Britain, which were importing only small quantities from them.

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