Austrian company says ready to buy Iran's crude oil
A major Austrian oil company has indicated its readiness to purchase crude oil from Iran, following suit with other European companies that have already taken a similar step.
In an interview with the Iranian Oil Ministry's official SHANA news agency on Sunday, managing director of ROTH oil group, noted that the group is mulling plans to start purchasing crude oil from Iran.
Rudi Roth noted that his company cooperated with Iran in the field of crude trade during past years, expressing hope that following removal of sanctions against Iran, it would once again start purchasing Iran's oil.
Roth noted that conclusion of Iran's nuclear talks with the P5+1 group of countries – the US, the UK, France, Germany, China, and Russia – in Vienna on July 14, which led to an agreement between the two sides, known as the Joint Comprehensive Plan of Action (JCPOA), has opened a new chapter in Iran's relations with international community. According to JCPOA, sanctions against Iran's economic sectors, including oil and gas industry, will be lifted in return for certain restrictions on Tehran’s nuclear program.
As a result, Roth added, many oil companies in the world are now willing to resume cooperation with Iran.
“Therefore, we hope that following the removal of sanctions and facilitation of crude oil sales by Iran to European countries, we would be able to resume receiving oil shipments from Iran,” he said.
The official also stated that his company can help Iran sell its oil in European markets and transfer Iran's oil to major refineries that cooperate with ROTH.
According to SHANA, ROTH group is one of the biggest oil companies in Austria, which runs a large number of fuel stations as well as a number of small oil refineries across Hungary and Austria. The company has about 30,000 employees and is active in various fields related to oil and gas industry.
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