Mehdi Hosseini

Iran says EU firms interested in new oil deals

Iran said on Tuesday that several top European energy corporations have voiced interest in its new format of oil contracts.  

The announcement has been made by Mehdi Hosseini, the head of an expert team that has been set up by the Ministry of Petroleum (MoP) to revise the current format of Iran’s oil contracts.

Hosseini added that some Russian and Chinese companies have also informed the MoP that they are interested in Iran’s new oil deals which will be unveiled in a conference in London in September. However, he did not provide the names of the companies.

“International oil majors have strongly welcomed Iran’s new format of oil contracts,” he said. “They are waiting for the results of Iran’s nuclear talks [with P5+1] and the removal of sanctions [against Iran],” he added.

By Press TV