ROME: Two Italian energy companies, Saras SpA and Iplom SpA have signed long term contracts with the National Iranian Oil Company to purchase and import crude oil from Iran. With the lifting of nuclear sanctions on Iran, the country’s oil industry is experiencing growth. As of this week, in a contact with Saras SpA, Iran will export between 60,000 to 65,000 barrels of oil per day to the company’s refineries for one year.
Saras SpA currently buys approximately 30,000 to 35,000 barrels of oil per day. Last month, Roknodin Javadi, Managing Director of the Iranian National Oil Company (NIOC), stated that the company was in negotiations with Italy’s Eni SpA for a deal that could result in the sale of 100,000 barrels per day to Eni SpA. Mohsen Qamsari, International Affairs Director for NIOC, stated that at present, Iran exports 2.5 million barrels per day in crude oil and gas condensates, adding that the company expects 100,000 barrels will be added to that number in the next few weeks.
