Greek refiner ELPE signs deal with Iran’s NIOC for crude oil deliveries
Greek refiner Hellenic Petroleum (ELPE) and Iran’s national oil company NIOC reached a long-term agreement for the immediate start of crude oil deliveries to Greece, the company announced on Friday.
ELPE will purchase 25 pct of their needs from NIOC and settle an estimated 550-650 million euros in debt repayable over four years. The debt resulted from the sanctions imposed on Iran in 2011. This is the first deal made by Iran following the lifting of the international embargo.
“The management of Hellenic Petroleum is pleased about this agreement, which is to the benefit of both sides and, as it is noted, was achieved after repeated meetings in Athens and Tehran,” the company said.
You may be interested
Greece and Italy top European picks for American touristsPanos - Jun 24, 2021
Italy and Greece are the top two choices in Europe for American travellers this season, according to a report by…
Turkish coastguard harassed Cypriot fishing boat (photos)Panos - Jun 24, 2021
New provocation from Turkey. Turkish coastguards harassed the fishing boat “Maria – Bouboulina”, while sailing in international territorial waters. The…
Jerusalem Post: Pfizer COVID-19 vaccine linked to rare blood disease – Israeli studyPanos - Jun 24, 2021
The Pfizer coronavirus vaccine has been linked to an increased chance of developing thrombotic thrombocytopenic purpura (TTP), a rare blood disorder, Israeli…