Iran and France have sealed a new oil contract in Paris following the recent agreement between the National Iranian Oil Company (NIOC) and France’s Total on selling 150 to 200 barrels of crude oil to the French company.
In time with the visit Of Iran’s President to Paris, an MoU was signed between an Iranian private firm and France’s Axens Group over buying required catalysts for petrochemical and refinery complexes.
The deal was signed at the presence of Iran’s Minister of Oil Bijan Zanganeh.
The National Petrochemical Company, a subsidiary to the Iranian Petroleum Ministry, has published a brief report announcing “the new agreement was inked on the sidelines of the meeting of Iranian and French presidents.”
During the sanctions years, Iran had managed to indigenize various types of catalysts and the produced items are currently being used in several Iranian petrochemical complexes and refineries.