Minister Bijan Zanganeh said on Saturday that Iran's crude oil sales to
Europe after the lifting of international sanctions on Tehran had
already reached above 300,000 barrels per day (bpd), according to the
ministry’s news agency. Iran's
oil exports, which had peaked at more than 3 million barrels per day
(bpd) in 2011, fell to a little more than 1 million bpd after tougher
sanctions were imposed in 2012 because of its nuclear program.
the rubber-stamping of the nuclear deal with world powers last year,
however, Tehran has ordered a 500,000 bpd increase in oil output.
on the contract signed between the National Iranian Oil Co and France's
Total, it was agreed that Total will buy 160,000 bpd of crude oil from
Iran to be delivered in Europe," Zanganeh was quoted as saying by news
agency SHANA, adding that the contract would be finalised on Feb 16.
also said Italy's Eni was interested in buying 100,000 bpd of crude oil
from Iran and its representatives would visit Tehran in near future to
discuss the contract.
"Eni has voiced its interest in one of Iran's fields which will be treated like the agreement reached with Total," he said.
Iran's oil minister said Italian refiner Saras was interested in buying 60,000 to 70,000 bpd of crude oil from Iran.
sweetening the terms it offers on oil development contracts to draw the
interest of foreign investors deterred by sanctions and low crude
prices, as its pragmatic president seeks to deliver on his promise of
contracts, which include those in the upstream exploration and
development sectors are expected to attract more than $40 billion in
Iran has postponed a
planned oil conference in London, which was due to have taken place in
February to reveal its new contracts, until November. An Iranian
official said "the U.S. urged Tehran to hold off" until a final nuclear
deal was penned.
(Reporting by Bozorgmehr Sharafedin; Editing by Elaine Hardcastle)