Greek refiner Motor Oil Hellas is no longer buying Iranian crude, and has not done so for some time, a person at the company told Dow Jones Newswires Monday.
Greek refiner Motor Oil Hellas is no longer buying Iranian crude, and
has not done so for some time, a person at the company told Dow Jones Newswires
Monday.
"We currently don't take imports from
Iran
,"
the person said, adding that the Iranian oil had been replaced with imports
from
Saudi Arabia
,
Iraq
and
Russia
.
European consumers are scrambling to replace Iranian exports ahead of a
European Union embargo on the Islamic Republic's crude, amid mounting risks
that
Iran
will
take unilateral action to cut the region off from its oil supply earlier than
the Jul. 1 deadline for the oil ban.
Iran
said
over the weekend it was halting exports to the
UK
and
France
, a
largely symbolic move as neither take large amounts of Iranian oil, and French
oil major, Total SA (TOT) has already halted purchases from the country.
Motor Oil Hellas is one of two major refiners in
Greece
and
is able to process more than 180,000 barrels a day of oil.
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