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Iran, Hungary discuss long-term oil sales

BUDAPEST, October 31, 2016

The National Iranian Oil Company (NIOC) and Hungary's multinational oil and gas company MOL Group have conducted a new round of negotiations for long-term crude sales contracts, a report said.

NIOC executive director for international affairs Mohsen Qamsari held talks in Budapest with MOL officials on long-term and permanent contracts for crude oil sales, Mehr News Agency reported.

The MOL Group had earlier proposed to NIOC for a daily import of 30,000 to 40,000 barrels of Iran's light oil.

Qamsari also discussed investments in upstream and downstream sectors of Iran's oil industry with Hungarian officials, the report said.

Tags: Iran | Hungary |

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