Iran inks oil sale deals with 7 European firms

News ID: 3683509 -
TEHRAN, Jun. 12 (MNA) – An oil official has reported on the signing of seven oil sale agreements with Greek, Spanish, Italian, Swiss, French and Russian companies.

Executive Director for International Affairs at National Iranian Oil Company (NIOC) Seyed Mohsen Ghamsari said negotiations are underway with various European firms over sealing long-term accords; “so far, agreements worth 600 to 700 thousand barrels have been signed and 80 per cent of the deals have become operational.”

The official underlined that long-term deals for exporting Iran’s crude have been signed with Saras SpA and Eni of Italy, Spain’s Repsol, Hellenic Petroleum SA of Greece, France’s Total, Switzerland’s Vitol Group as well as Lukoil of Russia.

Ghamsari went on to assert that “all the companies with a signed agreement have received their oil shipments while a portion of the deals are long-term in which case oil delivery is being carried out.”

The NIOC official had previously recalled that talks with Anglo-Dutch Royal Dutch Shell Company are still going on though no long-term agreement has been reached yet; “only one oil shipment has been delivered to the Anglo-Dutch company,” he had emphasized.

At the present time, the volume of Iran’s oil exports has reached more than 2.1 million barrels per day and the figure is planned to hit a total of 2.5 million barrels per day by the end of summer.

 

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