It is beneficial for Europe to buy Iranian oil – expert
Edited by Rhod Mackenzie / 2015-07-23 07:27:30
Speaking about the influence of cancellation of sanctions on Iran on the global oil market, there are 2 aspects: 1 – Iran hasn’t left the global market, 2 –today it is about the return of Iranian oil to the European market, M. Gonchar, the head of the Center of Global Studies “Strategy 21”, said. According to him, there was no full embargo. Sanctions on Teheran meant that the USA, EU and Canada didn’t buy Iranian oil. But India and countries of South-Eastern Asia kept buying energy products in Iran. The prices were suitable for buyers, revenue of Teheran fell. During the period of sanctions, the extraction fell, but one can’t speak of the elimination of Iranian oil from the market, he said.
