Greece’s biggest oil refiner, Hellenic Petroleum, will buy 60,000 barrels per day of crude oil from Iran which can increase to 150,000 bpd, Iran’s deputy oil minister said on Saturday.
The deal was made during the recent visit of Prime Minister Alexis Tsipras to Tehran, Amir-Hossein Zamaninia was quoted as saying by oil ministry’s news agency, Shana.
Hellenic Petroleum was a major buyer of Iranian crude, which accounted for about 20 percent of the southeast European country’s annual crude oil imports, before sanctions were imposed on Tehran in 2011.
Greece is the first western state to strike an oil deal with the Islamic Republic, after the nuclear agreement which lifted Iranian sanctions from the EU.
Source: Reuters
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