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Exclusive: Greece turns to Iranian oil
By Dmitry Zhdannikov and Ikuko Kurahone
LONDON | Fri Nov 11, 2011 8:35am EST
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Traders said Greece has turned to Iran as the supplier of last resort despite rising pressure from Washington and Brussels to stifle trade as part of a campaign against Tehran's nuclear program.
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"Companies like us cannot deal with them. There is too much risk. Maybe independent traders are more geared up for that," said a trader with a major international oil company. "Our finance department just refuses to deal with them. Not that they didn't pay. It is just a precaution," said a trader with a major trading house.
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