Saras Wor­ried About Iran Crude

Iran News - - FRONT PAGE -

MI­LAN (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.

He said Iran was one of Saras’s main crude sup­pli­ers, though not the only one, adding for the time be­ing noth­ing had changed.

“It is too soon to as­sess the im­pli­ca­tions of any new U.S. sanc­tions,” he said.

The United States plans to im­pose new uni­lat­eral sanc­tions on Iran af­ter aban­don­ing an agree­ment reached in late 2015 to limit Tehran’s nu­clear am­bi­tions in ex­change for re­mov­ing joint U.S.-Europe sanc­tions.

Speak­ing to an­a­lysts, Scaf­fardi said the lack of Ira­nian crude sup­plies would be a prob­lem in terms of prices but not vol­umes.

“We are in con­tact with most crude sup­pli­ers in the world,” he said, adding the group was sourc­ing al­ter­na­tive sour crudes from Iraq, Saudi Ara­bia, Libya, Rus­sia and West Africa.

It was also wait­ing for greater clar­ity on ex­ports from Kur­dis­tan which was ex­pected in the near fu­ture.

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