50852
NIOC to  Sell Oil to Hungary's MOL
NIOC to  Sell Oil to Hungary's MOL

NIOC to Sell Oil to Hungary's MOL

NIOC to Sell Oil to Hungary's MOL

The National Iranian Oil Company’s director for international affairs says the company has finalized a deal to sell one million barrels of oil to Hungary in November.
“An agreement to ship one million barrels of  crude to Hungary in the next month has been finalized,” Seyyed Mohsen Qamsari was quoted as saying by Shana on Saturday.
In June Qamsari had said that Hungary's largest oil and gas company MOL had called for importing 40,000 barrels of light oil per day from Iran, but the country is low on light crude and most of its shipments are made up of Iran Heavy, one of its main oil grades.
The MOL Group operates refineries in Hungary, Slovakia and Croatia. It also has exploration and production assets in the North Sea and other countries, including Pakistan and Iraq.
The oil sale deal came after several rounds of negotiations between the two sides that started shortly after the sanctions against Iran were lifted in January.
The senior oil official earlier had said that Iran’s combined oil and gas condensate exports in July stood at 2.74 million barrels per day, of which 600,000 barrels are condensates.
He noted that one fourth of the country’s exports go to Europe, stressing that Iran’s gas condensates are only exported to Asian states.

Short URL : https://goo.gl/B7DNp4
  1. https://goo.gl/vmkNEf
  • https://goo.gl/tH9Ols
  • https://goo.gl/7cng0t
  • https://goo.gl/gG3RKk
  • https://goo.gl/GPWb7p

You can also read ...

Major Petrochemical Deals Expected in Three Months
Iran's state-owned petrochemical company is planning to...
Iran trades electricity with four neighbors, namely Azerbaijan Republic, Turkey, Armenia and Iraq.
In line with efforts to boost electricity exports to...
Yadavaran Oilfield Revenues at $3.2b
Iran has extracted about 65 million barrels of oil from...
Saudi Arabia raised fuel prices  in December 2015 and announced plans for further increases.
Saudi Arabia is considering a plan to phase out subsidies for...
There is an increasing trend of emissions disclosure among major oil companies.
It is no secret that oil majors are among the biggest...
US Oil Prices Rise Above $50
US crude oil prices rose above $50 per barrel on Monday and...
Rosneft, Iraq's Kurdistan Sign Deal
Russian oil major Rosneft will invest in gas pipelines in Iraq...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus