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Oil: Iran denies having reduced its deliveries to Greece and Spain

The National Oil Company of Iran (NIOC) has denied reports that Tehran would have reduced its crude oil supplies to Greece and Spain, the agency ISNA reported, referring to Qamsari Mohsen, Director for International Affairs NIOC on on Wednesday.

“For now, we have not received any instructions relating to a reduction in oil exports to Greece and Spain,” said M.Qamsari.

The official also denied reports that Iran would consider reducing its crude oil supplies to other countries.

“Supplies of crude British and French companies have been arrested, we’ll sell our oil to new buyers,” said Alireza Nikzad, spokesman for the Iranian Ministry of Petroleum.

Last week, the Iranian television channel Press TV reported that Iran had reduced its crude oil supplies to Greece and Spain, consumers of Iranian oil, and was preparing to reduce its oil exports shortly to other countries of Europe.

Late January, the European Union approved the adoption of a gradual ban on shipments of Iranian crude, to force Tehran to cooperate with the international community over its controversial nuclear program. The EU must stop importing Iranian oil before 1 July 2012.

Iran produces 3.5 million barrels of oil per day, including 2.5 million barrels are exported. It is the second largest producer of crude in the Organization of Petroleum Exporting Countries (OPEC) after Saudi Arabia.

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