June 12, 2016

Some 80 percent of Iran’s oil contracts with Europe are operational, Iran’s oil export chief said on Saturday according to the ministry’s news agency SHANA, adding Tehran was continuing talks with major European oil companies to sell more.

Asked about Iran’s oil contracts to sell 600,000 to 800,000 barrels per day to the European buyers, Mohsen Ghamsari, the director for international affairs at the National Iranian Oil Company, said: “80 percent of them are operational.”

Source: Arabian Business

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.