March 26, 2016 - 8:31 PM EDT
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Iran sells 14 million barrels of crude to Europe after lifting of sanctions

Tehran
, Mar 27 (EFE).-
Iran
has sold 14 million barrels of crude oil to European countries since the lifting of sanctions in January, according to Shana, the Iranian Petro Energy Information Network.

Shana said Sunday that these purchases, which are seeking to overcome existing financial, legal and logistical obstacles, have been led by

France's
Total,
Spain's
Cepsa and
Russia's
Litasco.

The French oil company has bought 11 million barrels, while the Spanish and Russian ones have bought 2 million and 1 million barrels, respectively.

Before imposing sanctions on

Iran
over its nuclear program,
Europe
- particularly the southern Mediterranean countries such as
Greece
,
Italy
and
Spain
- used to import around 800,000 crude barrels from the Islamic Republic daily.

During this period,

Iran
exported about 2 million barrels of oil a day, most of them to Asian countries.

In the past two months,

Iran
has increased its exports to reach 2.2 million barrels per day. EFE

amr/sm/ac

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Source: Equities.com News (March 26, 2016 - 8:31 PM EDT)

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