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Iran discusses oil export with South Korea

Iran discusses oil export with South Korea
posted onFebruary 16, 2022
noبۆچوون

Iran is taking steps for its official return to the international oil market after more than three years of partial absence.

Officials from state-owned National Iranian Oil Co. are meeting at least two South Korean refiners to discuss a potential return of supply from the Persian Gulf producer, according to people with knowledge of the talks, Bloomberg reported.

The discussions are reportedly at a preliminary stage with volumes and a possible timeline yet to be specified, one of the people said.

South Korea used to be one of the biggest buyers of Iran’s ultra-light oil.

The move comes as the Islamic state said it’s rushing to get a good nuclear deal in negotiations in Vienna and the European Union’s top diplomat said that he believed an accord was “in sight.”