Posted on 02/14/2016 7:40:42 AM PST by Olog-hai
Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday.
IRNA quoted Deputy Oil Minister Rokneddin Javadi as saying the shipment was the first in five years and marked "a new chapter" in Iran's oil industry. [...]
Javadi said Iran has already reached agreement to export oil to France, Russia and Spain. ...
(Excerpt) Read more at hosted.ap.org ...
Great...just what we need...more oil on the market
Yes. It does hurt us.
It’s hurting the Saudis too. That is the only good to come of it.
Russia?? Are they going into refining or acting as 3rd party?
Well, state-owned Rosneft is a big refiner in its own right. And of course they’d be happy to control that end of the business, for both Iran and the EU.
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