Iran ''Winning'' On Oil Sanctions: Top Trader


An increase in world oil prices has more than compensated Iran for revenues lost to lower crude exports because of sanctions imposed by the West, the head of the world’s leading oil trader said Tuesday.

Ian Taylor, chief executive of privately-held Vitol, said a decline in the value of the euro versus the U.S. dollar had also lifted the cost of dollar-denominated oil sales to European Union countries.

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© 2013 Energy Tribune

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