Hungary eager to boost oil purchase from Iran

SHANA– The Hungarian Finance Minister voiced his country’s willingness to increase oil purchases from Iran in the future, adding banking relations between the two counties will also be facilitated.

Following a meeting with Iranian Minister of Petroleum Bijan Zangeneh in Tehran Monday morning, Mihály Varga said: “We are willing to increase oil purchases from Iran in the future.”

Hungary’s MOL bought a 1-milion-barrel oil cargo from Iran in the post-Joint Comprehensive Plan of Action (JCPOA) era.

Speaking about Tehran-Budapest banking negotiations, the Hungarian official said it has been decided that banking ties between the two counties strengthen without causing any troubles for investors.

A delegation of Hungarian banks will travel to Iran next week to hold talks with their Iranian opposite numbers.