NIOC, Europe seal new oil sale deals

TEHRAN, Apr. 06 (MNA) – An NIOC official has announced the signing of new crude sale deals with a number of European oil companies.

Seyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC), touched upon inking fresh agreements to export Iranian crude oil to European countries saying “following the previously sealed contracts with companies like France’s Total, Iran’s crude will be sold to several new customers in the green continent.”

Ghamsari stressed that the names of new buyers will be announced once the signed contracts become operational.

In response to a question about exports of crude oil to Greece, the official asserted “NIOC has reached final agreement with Hellenic Petroleum S.A. of Greece and oil sales to the European country have begun.

NIOC has inked a deal with Greek Hellenic Petroleum following the oil sale agreements with France’s total, Lukoil of Russia, Spain’s Cepsa.

Iranian Deputy Oil Minister for International Affairs Amir Hossein Zamaninia had described the fresh round of negotiations between Iran and Greece adding “during a recent visit to the European country, a Memorandum of Understanding (MoU) was sealed for meeting Hellenic Petroleum’s debt to Iran.”

NIOC’s Executive Director for International Affairs Ghamsari also highlighted that exports of Iran’s oil to South Africa has not kicked off yet.

Iranian Oil Minister Bijan Zanganeh had recently announced that the volume of Iran’s oil and condensate exports has surpassed two million barrels per day in early days of the new Iranian calendar year (Began March 20).




News Code 115586


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