Minister: Iran signs contract to sell 700,000 barrels oil to Europe
Iran's Petroleum Minister Bijan Zangeneh reported of signing a contract to sell 700,000 barrels oil to European countries saying that EU regards Iran as a trustable partner to supply energy, IRNA reported.
Zangeneh said that the way to facilitate Iran, EU ties was discussed in his meeting with visiting EU Climate Action and Energy Commissioner Miguel Arias Cañete
He said that permanent talks are to be held between the two sides to make a better supply of oil and gas from Iran to Europe.
He added that European companies are supposed to start investment in Iranian oil, gas and petrochemical industry supprted by their governments.
Before lifting sanctions, Iran exported 500,000 to 600,000 barrels of crude oil to Europe and during the sanctions, 100,000 barrels per day was exported to Turkey.
Some European companies like Total (France), CEPSA (Spain) resumed buying oil from Iran in post-sanction era.
Greece oil refineries are also supposed to start import oil from Iran.