Posted by Pavillion > 2016-02-14 10:46 | Report Abuse

https://www.rt.com/business/329564-iran-oil-discount-europe/

Posted by N00b > 2016-02-14 13:48 | Report Abuse

@ Pavillion: "Some oil experts question whether refineries are capable of processing a significant percentage of stored Iranian oil. Iranian officials have stated that condensate represents the vast majority of hydrocarbon products in floating storage. Because the Iranian condensate contains high sulphur and toxic mercury content [lower quality], it does not command the export market demand enjoyed by North American light, sweet condensate." <---- They are offering discounts on oil they drilled during sanctions but did not export (Condensate that's just been sitting there).


Link: http://info.drillinginfo.com/iran-oil-and-and-the-new-accord-overview-and-analysis/