Iranian Oil Looms for European Refiners as Nuclear Talks Stall - Bloomberg Business:
"European refiners from Spain to Greece are ready to resume purchases of crude from Iran as talks on a nuclear deal that could allow the country’s return to oil markets remained deadlocked.
Italy’s Saras SpA said it would buy Iranian crude if sanctions were to end, while Spain’s Cepsa S.A.U. said it would “definitely” consider it. Hellenic Petroleum SA said the return of Iranian barrels would be positive for refiners.
“As soon as Iranian oil becomes available, we will certainly start buying again,” Loukas Tripelopoulos, a spokesman for Motor Oil Hellas SA, said by e-mail on July 3. “Motor Oil was always very fond of Iranian crude.”"
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