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On Sunday, the Monte Toledo oil tanker became the first to deliver Iranian crude into Europe since mid-2012, Bloomberg reported.
The tanker carried a haul of one million barrels of crude in just 17 days.
The 275-meter tanker started offloading its cargo into a refinery owned by Cia. Espanola de Petroleos, near Algeciras, a few miles from Gibraltar. By midday, the vessel had already pumped to shore about a fifth of its cargo.
Last month, Iran loaded its first cargo of oil to Europe since implementation of the Joint Comprehensive Plan of Action (JCPOA), a lasting nuclear deal between Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany).
A tanker for France’s Total SA and vessels chartered for Chinese and Spanish companies were loaded at Iran’s southern island of Kharg.
The JCPOA, which took effect on January 16, terminated all nuclear-related sanctions on Iran.
Tasnim News Agency - economy