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France’s Total to begin oil imports from Iran as of mid-Feb

by ChemOrbis Editorial Team -
  • 08/02/2016 (13:54)
According to media reports, France’s Total will begin oil imports from Iran in mid-February. As per the agreement signed with National Iranian Oil Company (NIOC) in Paris last month, Total will begin to import 160,000 barrel of oil per day (bpd) from Iran as of February 16.

Iran’s Minister of Petroleum Bijan Zangeneh also said that in addition to Total, Italy’s Eni will visit Iran to sign contracts soon for buying Iran’s oil and developing an oil field in Iran. The Italian company wants to import 100,000 bpd from Iran while Italy’s refiner Saras also seeks to buy 60,000 to 70,000 bpd of Iranian oil.

The Minister said that through the new agreements established after the removal of sanctions, Iran’s crude oil imports to Europe are expected to exceed 300,000 bpd.
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