Private companies, shopping Iranian oil at cheap prices to get around international sanctions

Private companies, shopping Iranian oil at cheap prices to get around international sanctions

Posted 21/07/2012 10:58 AM

LONDON (Reuters) – A mysterious private companies selling Iranian crude oil liabilities big European oil traders as Tehran looking for ways to restore the flow of oil exports to Western sanctions that have been affected.

Traders who buy crude oil to refineries European account that they are receiving daily phone calls are presented to them Iranian crude and sometimes accompanied by promises of filing false documents show that the ore from the origin is different.

In a bid to halt the decline in exports caused by U.S. sanctions and European abandoned in Tehran last month for a strict policy for the marketing of oil through the National Iranian Oil Company only to allow private companies to carry out this role.

And suspended the sanctions to pressure Iran to abandon its nuclear program, all sales of Iranian oil to Europe almost. The European Union began banning the import of oil in the first of July this month. Turkey cut that is not a member of the European Union also purchases.

Accumulates and is currently Iran’s oil, which was heading to Turkey in the beginning in the Egyptian port of Sidi Krier on the Mediterranean coast and a growing number of small companies offer for sale in the European oil market.

A trader at a large oil company of big government “are all crazy and foreign companies stand behind Iranian people mostly.” He added that most of the offers made over the phone.
Source: altahreernews