Tuesday, 13 June 2023

Germany resumes oil imports from Iran

Germany has imported a significant shipment of crude oil or petroleum products from Iran for the first time in five years, according to the latest data by Eurostat, the statistical office of the European Union.

Germany imported 69,737 tons of crude oil or petroleum products from Iran in March 2023 despite the US sanctions that ban any trade of energy products with Iran, IRNA reported.

The country's last import of Iranian crude was a 10,000 tons shipment in October 2018.

Germany's move comes at a time when the US government has yet to make any changes to its unlawful sanctions policy against Iran despite its claim of seeking a diplomatic solution to ease tensions.

Bulgaria, another EU member, also imported 147 tons crude oil or petroleum products from Iran in the first quarter of the year 2023, although the figure is relatively small, according to Eurostat.

The European Union’s total oil imports from Iran during this period, based on data by Eurostat, was 69,884 tons, a figure not seen since 2018 when the US withdrew from the historic nuclear deal with Iran, known as the Joint Comprehensive Plan of Action (JCPOA).

Now after five years, European refineries seem increasingly inclined to disregard U.S. sanctions, particularly in the wake of Russia’s military campaign in Ukraine.

 

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