Saras worried about Iran crude amid new sanctions
According to REUTERS, Italian refiner Saras is worried about the market not having access to Iranian crude oil in light of new possible U.S. sanctions against Tehran.
“I am worried about the overall scenario,” Saras CEO Dario Scaffardi said on a conference call on May14.
European refineries are the fifth largest OPEC crude oil producer in the wake of a boycott in Iran’s bid to cut crude oil purchases.
According to the source, in addition to Saras, Spanish and Greek refiners like Repsol,, as well as Helen Petroleum, are also stopping their purchases of Iranian crude.