Cepsa takes delivery of Iranian crude

The Cepsa refinery in San Roque on Sunday received the first shipment of Iranian crude oil exported to Europe after sanctions on the country were lifted earlier this year.

The oil was discharged from the tanker Monte Toledo via the refinery’s mono-buoy system, which allows large vessels to unload cargos without having to dock.

Spain and Iran are considering jointly building an oil refinery in Algeciras.

Iran is on track to raise oil production by 500,000 barrels per day after the lifting of Western sanctions last month. Reuters shipping data shows that since sanctions were removed a number of vessels have been tentatively fixed to sail to various locations in Europe and the Mediterranean.

Pic by DM Parody