Iran’s NIOC, Austria’s OMV to sign long term crude oil contract

TEHRAN, Oct. 07 (MNA) – The OMV group, the international, integrated oil and gas company headquartered in Vienna, is negotiating for a long term contract of crude oil with National Iranian Oil Company.

“Iran’s oil export to Austria has kicked off through spot contracts,” said Seyed Mohsen Ghamsari, Executive Director for International Affairs at National Iranian Oil Company (NIOC), when asked about the latest status of Iran-Austria oil trade and the agreements signed with the OMV group, an integrated international oil and gas company headquartered in Austrian capital city of Vienna.

The official announced 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.

“No final agreement has been reached yet,” reiterated the board member of the National Iranian Oil Company (NIOC), “hence no volume of oil trade for the long term contract has been agreed upon.”

Two weeks ago, the OMV group announced that the company has received an Iranian cargo of 1 million barrels of crude oil at Italian port of Trieste.

By Mehr News Agency