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    An Iranian oil worker walks in Tehran's oil refinery south of the capital Tehran, Iran, Monday, Dec. 22, 2014

    Iran Renews Oil Supplies to Egypt Following Sanctions Lifting

    © AP Photo / Vahid Salemi
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    Iran Nuclear Deal: Hope for Peaceful Future (163)
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    Tehran resumed the deliveries of oil and petrochemicals to Egypt following the lifting of international sanctions, local media reported on Sunday.

    MOSCOW (Sputnik) — Iranian Mehr news agency reported, citing a report of Iran's Pars Special Economic Zone's customs service, that the deliveries had been renewed, however their volume and other details had not been revealed.

    On July 14, Iran and the P5+1 group of countries comprising the United States, Russia, China, France and the United Kingdom plus Germany, signed Joint Comprehensive Plan of Action (JCPOA). The agreement guarantees the peaceful nature of Iran's nuclear program in exchange for the sanctions relief.

    On January 16, the International Atomic Energy Agency verified Tehran’s compliance with the JCPOA, opening way for Iran's return to the oil market. The same day, the United States and the European Union announced they were lifting sanctions from Iran.

    Iran Nuclear Deal: Hope for Peaceful Future (163)


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    Oil, sanctions, Egypt, Iran
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