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.

 

Bulgaria: Newest customer of Iranian oil

The Eurostat, European Union statistics office announced the import of Iranian oil by three European Union (EU) members in 2022, and introduced Bulgaria as the newest customer of Iranian oil in this union, IRNA reported on Sunday.

The information published by Eurostat shows that the European Union imported 4,181 tons of crude oil or oil products from Iran last year.

Although the amount of EU oil imports from Iran is not a significant figure, it indicates the desire of European refineries to ignore the US sanctions against Iran, and the inclusion of these figures in the official European oil import statistics shows the desire of the European authorities to distance themselves from the sanctions, or at least showing their objection to the US sanctions policy against Iran.

Iranian President Ebrahim Raisi has said that the oil and gas sector experienced a growth of 9% in the past Iranian calendar year 1401.

Oil Minister Javad Oji has recently said that a new record high will be reached in the country’s oil export in the current Iranian calendar year.

The country’s oil export in 1401 was 83 million barrels more than that of 1400 and 190 million barrels more than the export in 1399, the minister announced.

Underlining that now oil export has reached the highest figure in the last two years, the official said, “Considering that the Oil Ministry is one of the main providers of the country's foreign currency; in the 13th government, despite the tightening of cruel sanctions, fortunately, thanks to the grace of God and the efforts of our colleagues in the country's oil and gas industries, there are good records in the field of exporting crude oil, gas condensate, and petroleum and petrochemical products.”

Despite the negative impacts of the US sanctions, Iran has been ramping up its oil production and exports over the past few months.

In his remarks in November 2022, President Raisi highlighted the failure of the enemy’s policy of maximum pressure, saying the country’s oil export has reached the pre-sanction levels.

Back in January, the US Energy Information Administration (EIA) in a report put Iran’s average oil production in 2022 at 2.54 million bpd, 140,000 bpd more than the previous year.

Iran's oil production in 2021 was about 2.4 million bpd.