Iran signs long-term oil export contract with Eni
by ChemOrbis Editorial Team - content@chemorbis.com
According to media reports, National Iranian Oil Company (NIOC) signed a long term contract with Italy’s Eni for one year to sell crude oil. Under the deal, NIOC will export 60,000-100,000 barrels of crude oil to Italy per day as of January 2017.
The agreement is the second long-term deal signed to sell Iranian crude after the agreement signed with Italy’s Saras on May 2016.
Previously, National Iranian Oil Company (NIOC) had reportedly signed a short term contract with Italy’s oil major, under which NIOC sold one cargo of oil to Eni, and the two countries were in a negotiation process in order to sign a long term deal.
The agreement is the second long-term deal signed to sell Iranian crude after the agreement signed with Italy’s Saras on May 2016.
Previously, National Iranian Oil Company (NIOC) had reportedly signed a short term contract with Italy’s oil major, under which NIOC sold one cargo of oil to Eni, and the two countries were in a negotiation process in order to sign a long term deal.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
