Iran's oil exports have risen by around 100,000 bpd in February for a fourth consecutive month as sanctions against Tehran are being gradually relieved following the interim nuclear deal, a new report says.The increase in shipments would take Iranian exports to above 1.30 million bpd for February, the Wednesday report by the Reuters quoted one tracker company as saying.
Iran and the permanent members of the United Nations Security Council - Russia, China, the US, France, Britain - plus Germany inked the nuclear accord in the Swiss city of Geneva on November 24, 2013. The two sides started implementing the agreement on January 20.
Under the Geneva deal, the six countries undertook to provide Iran with some sanctions relief in exchange for the Islamic Republic agreeing to limit certain aspects of its nuclear activities, including a voluntary suspension of its 20-percent uranium enrichment program.
In January, the European Union and the United States eased part of their sanctions including restrictions on insurances on Iranian ships, which became available for the first time since mid-2012.
World oil giants have voiced their readiness to return to Iran following the easing of sanctions against Iran in light of the implementation of the Geneva deal.
According to Iranian officials, Spains Repsol, Royal Dutch Shell, British Petroleum (BP), Frances Total, Italys Eni and Russias Lukoil have shown willingness for investment in Iran's oil sector.
By Press TV
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