Spanish Repsol company entered contract with Iran in July for import of one million barrels of crude.
The exports will add up to the volume of Irans oil exports to Europe.

Iran started increasing volume of its exports to Europe following implementation of the Joint Comprehensive Plan of Action (JCPOA) in January.

More oil consignments are going to be exported to the green continent as of next month.

Irans oil exports to Europe has edged 600,000 bpd from 100,000 bpd at the time of sanctions.

It is going to hit the level of 700,000 bpd in the future.

The OPEC Affairs Department at Ministry of Petroleum quotes international journals as writing that in March 2016, one million barrels of oil were exported to Spain through Kharg Port for the first ever following lifting of sanctions.

The amount of exports tripled in April and at least three refineries belonging to Repsol, CEPSA and BP received Iranian crude in the month.