February 2016, Vol. 243, No. 2

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Iran Exports 1st Oil Shipment to Europe since Nuclear Deal

TEHRAN, Iran (AP) — Iran says it has exported its first crude oil shipment to Europe since it reached a landmark nuclear deal with world powers, the official IRNA news agency reported Sunday. IRNA quoted Deputy Oil Minister Rokneddin Javadi as saying the shipment was the first in five years and marked “a new chapter” in Iran’s oil industry. He did not elaborate but IRNA said several western tankers have loaded Iran’s oil in recent days. Iran plans to add one million barrels to its oil production following implementation of the nuclear deal, which lifted international sanctions in exchange for Iran restricting its nuclear activities. Iran expects an economic bona

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