Iran’s crude oil <\/a><\/strong>and condensate exports to Europe <\/a><\/strong>has reached one million barrels per day.<\/p>\n Iran sells crude oil to European companies within the framework of long-term deals and spot cargo, however the volume of spot cargo is higher, an informed source told Fars News Agency.<\/p>\n Iran still encounters problems in receiving payments due to banking issues, the source said, adding that central bank officials are seeking ways to expedite the process.<\/p>\n The source said that Iran also faces the same problem in oil export to Asian countries as banking sanctions still remain in place, the source said.<\/p>\n Iran was exporting 2.5 mbd of crude oil and gas condensate prior to the sanctions which were imposed in 2012, of which 18 percent was supplied to the EU.<\/p>\n After 2012, the EU cut Iran oil purchase while Asian countries had to decrease Iranian oil import gradually, which led to a decline in Iranian oil and gas condensate exports to 1.2 mbd in 2015.<\/p>\n After the removal of sanctions in 2016, based on nuclear agreement, Iran resumed its oil exports.<\/p>\n","protected":false},"excerpt":{"rendered":" Iran’s crude oil and condensate exports to Europe has reached one million barrels per day. Iran sells crude oil to European companies within the framework of long-term deals and spot cargo, however the volume of spot cargo is higher, an informed source told Fars News Agency. Iran still encounters problems in receiving payments due to…<\/p>\n","protected":false},"author":1,"featured_media":2879,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[436],"tags":[643,114,237,3,117,242],"_links":{"self":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/posts\/9956"}],"collection":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/comments?post=9956"}],"version-history":[{"count":0,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/posts\/9956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/media\/2879"}],"wp:attachment":[{"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/media?parent=9956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/categories?post=9956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iranthisway.com\/wp-json\/wp\/v2\/tags?post=9956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}