Spain's Repsol buys one mn barrels Iranian oil for delivery in July
Tehran, June 25, IRNA – Repsol, Spain's largest oil company, signed a contract with Iran to buy one million barrels crude oil for delivery in July, according to Ministry of Petroleum.
Iran's oil exports to Europe have risen up since clinching a landmark nuclear deal between Iran and the six world powers last year. Iranian oil exports to Europe, which used to be 100,000 bpd, has neared 600,000 bpd today and is expected to rise to 700,000 bpd. Repsol's contract with Iran is among the latest contracts between Iran and the European companies.