OMV negotiating Iran Crude Oil Deal

By John Lee.

Austrian oil company OMV is reported to be negotiating a long term contract of crude oil with National Iranian Oil Company (NIOC).

Seyed Mohsen Ghamsari, Executive Director for International Affairs at the NIOC, said:

“Iran’s oil export to Austria has kicked off through spot contracts … No final agreement has been reached yet.”

He added that so far a cargo of 1 million barrels of crude oil has been delivered to the OMV group and concurrently the talks for signing a long term contract of oil sale to the Austrians are underway.

(Source: MNA)

No comments yet.

Leave a Reply