Iran Restarts Relationships With European Oil Clients
- Producer to ship 300,000 barrels per day to European customers
- Total SA buying about half, interested in South Azadegan field
Vitol CEO: Iran Is Back in the Market and We’re Buying
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Iran will start sending 300,000 barrels a day of crude to Europe, 54 percent of the total it shipped before authorities on the continent put an embargo in place.
Paris-based Total SA has agreed to buy about 160,000 barrels a day starting on Feb. 16, the ministry of oil’s Shana website reported, citing Oil Minister Bijan Namdar Zanganeh. The company also expressed interest in developing the South Azadegan oil field in western Iran near the border with Iraq and in a liquid natural gas project, Shana reported. Total asked for the necessary information to submit a proposal for the LNG plant.