As of this week, in a contact with Saras SpA, Iran will export 60,000 to 65,000 barrels of oil per day to the companys refineries for one year, Oilprice.com reported.
Saras SpA currently buys approximately 30,000 to 35,000 barrels per day (bpd). Last month, NIOC announced that the company was in negotiations with Italys Eni SpA for a deal that could result in the sale of 100,000 bpd of oil.
Oilnews has also quoted Irans Petroleum Minister Bijan Zangeneh as saying that along with the oil contracts with the two Italian companies, the country has plans to sign a $1.5 billion agreement with Eni to develop phase three of Darkhovin oil field.
Iran has been ramping up its oil production and reclaiming market share after the lifting of US-led sanctions in January against the country.
The sanctions restricted Irans oil exports to around 1 million bpd and banned investments in Irans oil industry.
Earlier, Zangeneh said Irans oil production had surpassed 3.8 million bpd, 2 million barrels of which being exported.
He added that Irans exports, which stood at 0.97 million bpd in 2013, had to the same effect almost doubled.
Apart from Italian companies, Iran has signed contracts with several European clients for new export contracts.
By Helenic Shipping News
# Tags
