Italians seal oil purchase deals with Iran
Two Italian energy companies, Saras SpA and Iplom SpA, have reportedly signed long term contracts with the National Iranian Oil Company (NIOC) to purchase crude oil from Iran.
As of this week, in a contact with Saras SpA, Iran will export 60,000 to 65,000 barrels of oil per day to the company's refineries for one year, Oilprice.com reported.
Saras SpA currently buys approximately 30,000 to 35,000 barrels per day (bpd). Last month, NIOC announced that the company was in negotiations with Italy’s Eni SpA for a deal that could result in the sale of 100,000 bpd of oil.
Oilnews has also quoted Iran’s Petroleum Minister Bijan Zangeneh as saying that along with the oil contracts with the two Italian companies, the country has plans to sign a $1.5 billion agreement with Eni to develop phase three of Darkhovin oil field.
Iran has been ramping up its oil production and reclaiming market share after the lifting of US-led sanctions in January against the country.
The sanctions restricted Iran’s oil exports to around 1 million bpd and banned investments in Iran’s oil industry.
Earlier, Zangeneh said Iran’s oil production had surpassed 3.8 million bpd, 2 million barrels of which being exported.
He added that Iran’s exports, which stood at 0.97 million bpd in 2013, had to the same effect almost doubled.
Apart from Italian companies, Iran has signed contracts with several European clients for new export contracts.
They include Repsol from Spain and Hellenic Petroleum from Greece among others.
Pakistan determined to complete Iran gas pipeline project
Iran discovers giant shale oil reserves in several regions
Iran renews gas export contract with Iraq: Oil Ministry
'It was not a strike': Iran FM dismisses Israeli weapons as 'children toys'
The struggles of Occupied Palestine
Saadi Day: Ayatollah Khamenei exalts great Persian poet
Iran’s Civil Defense examines country’s preparation for potential threats
FBI chief: Chinese hackers targeting critical US infrastructure
New York Times leaked memo on Gaza coverage reveals obfuscation of facts
VIDEO | Press TV's news headlines
Barbados officially announces recognition of Palestine as state
This makes it easy to access the Press TV website
