Iran to export 800,000 bpd of oil to EU

Iran says it expects to increase exports of crude oil to Europe to as high as 800,000 barrels per day (bpd) within the next two months.

The announcement was made by Ali Kardor, the managing director of the National Iranian Oil Company (NIOC).

Iran’s IRNA news agency quoted Kardor as saying that the country’s exports of oil to Europe currently stand at 500,000 bpd.