Hellenic Petroleum says stopped buying Iranian crude in June

Hellenic Petroleum has stopped buying Iranian crude oil since June 2018

  
A view of the Hellenic Petroleum refineries is seen at Aspropyrgos town, west of Athens, February 24, 2012. Oil rose towards $124 a barrel on Friday and was heading for a fifth straight weekly gain, as concern over cuts in Iranian supply offset worries high oil prices could restrain demand. European buyers of Iranian oil have cut back on purchases ahead of a European Union embargo on imports of Iran's oil effective July 1. Some of Iran's biggest customers in Asia including China have also reduced purchases. The sign reads, "Hellenic Petroleum S.A." REUTERS/John Kolesidis

A view of the Hellenic Petroleum refineries is seen at Aspropyrgos town, west of Athens, February 24, 2012. Oil rose towards $124 a barrel on Friday and was heading for a fifth straight weekly gain, as concern over cuts in Iranian supply offset worries high oil prices could restrain demand. European buyers of Iranian oil have cut back on purchases ahead of a European Union embargo on imports of Iran's oil effective July 1. Some of Iran's biggest customers in Asia including China have also reduced purchases. The sign reads, "Hellenic Petroleum S.A." REUTERS/John Kolesidis

REUTERS/John Kolesidis

ATHENS  - Hellenic Petroleum has stopped buying Iranian crude oil since June 2018 after the United States imposed sanctions on Tehran, it said on Thursday.

"The Iranian crude was effectively stopped from our feedstock in June 2018", Deputy Chief Executive Officer Andreas Shiamishis told an analysts call.

He said Hellenic has secured supply for refineries by purchasing oil from other sources, including Europe and Saudi Arabia.

(Reporting by Angeliki Koutantou) ((angeliki.koutantou@thomsonreuters.com; +30 210 3376436; Reuters Messaging: angeliki.koutantou.reuters.com@reuters.net))


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