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Possible Route for Iran oil to Europe Through Ukraine Revealed

PJSC Ukrtransnafta, an operator of Ukraine’s oil transportation system, spoke about the perspective route for the possible supply of Iranian oil to Europe through Ukrainian territory.

“It is obvious that the perspective route for transit to Central and Eastern Europe through Ukraine can be oil supplies through Bosphorus to the Pivdenny maritime terminal in Odessa and then via Odessa–Brody pipeline and further through Druzhba pipeline to Europe,” the source in Ukrtransnafta told Trend.

Earlier in August Ukrtransnafta offered Iran to use the company’s oil transportation infrastructure to transit oil to the Central and Eastern European markets.

The source in the Ukraine’s ministry of energy and coal industry confirmed to Trend that talks on this possibility with Iran are underway.

The source in Ukrtransnafta pointed out some positive moments of the supply route through Ukraine for Iran, among which is flexibility and activity of Iranian exporters’ marketing strategy, as well as Ukraine’s focus on diversification of routes and supply sources to the country and transit through its territory to the countries of Central and Eastern Europe.

Moreover, as the source said, Ukraine is ready to take concrete steps for increasing attractiveness of Ukrainian route if the readiness of supplier to reach agreements with consumers and transit countries is in place.

Iran’s oil export has already reached 2.74 million barrels per day (mbpd) in July. The Islamic Republic exported 2.1 million barrels of crude oil per day in July.

About 25 percent of Iran’s crude oil export goes to Europe, while Asian markets share 75 percent of Iran’s crude oil exports.

Tehran eyes to export 63 percent of its crude oil to Asian markets and the remaining to European and other consumers.