ECONOMY

Hellenic Petroleum to buy 60,000 bpd from Iran

hellenic-petroleum-to-buy-60-000-bpd-from-iran

Greece’s biggest oil refiner, Hellenic Petroleum, will buy 60,000 barrels a day of crude oil from Iran, which could increase to 150,000 bpd, Iran’s deputy oil minister said on Saturday.

The deal was made during Greek Prime Minister Alexis Tsipras’s recent visit to Tehran, Amir-Hossein Zamaninia was quoted as saying by the 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.

[Reuters]