All 2015 Oil Deals Signed Already

Source: Shana 7/15/2015, Location: Asia

Mohsen Qamsari, director of international affairs at National Iranian Oil Company, says Iran has already signed all the agreements for selling crude oil to its traditional customers by the end of the 2015, however they want more. The deputy minister of petroleum in international affairs said all the deals have been finalized for the year 2015, saying Iran's traditional customers are prepared to buy more crude oil from Iran.

China, India, South Korea, Turkey and Japan are Iran's traditional oil customers who have been interacting with Iran based on the November deal Iran reached with the P5+1 group.

"For the time being, numerous buyers from different countries have voiced their preparedness to buy oil from Iran," said the official.

He also said oil prices will not exceed $60 per barrel by 2018, according to economic estimations.


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