Deputy oil minister has reported on negotiations with several European, Asian, African and South American countries on building or buying refineries.

On Iran’s new plans to construct refineries in foreign countries, Managing Director of National Iranian Oil Refining and Distribution Company (NIORDC) Abbas Kazemi said “currently, buying stocks of crude oil refineries abroad is one of the policies pursued by the National Iranian Oil Company (NIOC) to ensure guaranteed sale of Iranian crude in the long run."

The official deemed the policy as a sound one asserting “before the Islamic Revolution, Iran held shares at four major foreign refineries while many countries implement the same policy nowadays.”

Kazemi further commented that in negotiations with countries like Brazil and Spain, we have proposed to construct crude oil refineries within the framework of equal shares and partnership; “NIORDC mainly undertakes the technical feasibility and economic justifiability of the project while NIOC remains as the key decision maker.”

NIORDC managing director also stressed that South Africa has voiced willingness to improve the quality of its oil refineries by Iranian experts; “Iran’s current approach is to invest in the construction of the refineries with the prerequisite that most required equipment will be supplied by Iranian manufacturers,” he maintained.

 Deputy oil minister reiterated that “recently, some talks have been conducted with Indonesian and Malaysian companies to activate their refinery projects in which Iran holds shares.”

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Published: 22 March 2016

Oil minister’s international deputy has said negotiations with Hungary to have the country as new oil customer through Italian Saras have been started.

Seyed Mohsen Qamsari told reporters on Monday that Hungary had been only one of the many companies in the queue for buying oil from Iran. He rejected the media reports about alleged discounts by Iran provided for new customers as inaccurate; “Iran will provide oil to customers on official OPEC basket prices and no discount would be available,” he said. The reports speculated that discount by Iran would even surpass that of Saudi Arabia.

Qamsari also said that Iran’s deals to sell oil to French Total, Russian, and Spanish refineries had been secured; “with Italian Saras, negotiations had been on last week and with Eni, we will embark on negotiation as well soon,” he revealed.

Roknoddin Javadi, Deputy-Oil Minister had told reporters on Sunday that Iran had signed a long-term deal with French Total; “in the first month after removal of sanctions, Iran raised its oil production 400,000 barrels per day,” he was quoted as saying.

In another economic event yet, reports said that Iran and Germany had signed an MoU on shipping. Chair of Board of Directors and Managing Director of the Islamic Republic of Iran Shipping Lines (IRISL) had signed the MoU in Hamburg with the owners of shipping company PWL, according to which a package of services would be provided to the trade shipping fleet and the affiliated units in a number of European ports such as those in Germany, the Netherlands, and Belgium. The joint venture will start March 2016. With services focused primarily in JV Shipping Co., the speed and quality of services for customers of both sides will be greatly improved.

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Published: 16 February 2016