Official: Iran Oil Buyers To Be Introduced Within One Month

Tehran, July 1, IRNA – Managing Director of Iran National Oil Company Ahmad Qala'bani said there is no place for being concerned about European Union oil sanctions against Iran adding that within one month the new oil buyers will be substituted for total oil exported to Europe. Qala’bani said since eight months ago Iran has practically followed the policy of reducing oil export to Europe, so now around 20 to 30 percent of total oil export to Europe has been cut. He urged those European countries which still want to import Iranian oil to continue their shopping with long-term contracts./end