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Hellenic Petroleum to Get First Iranian Crude Oil Shipment End March

Hellenic Petroleum, Greece’s biggest oil refiner, will receive its first shipment of Iranian crude oil next month, a company executive said on Thursday.

“It was announced at a board meeting today that the first shipment will arrive at the end of March,” the executive told Reuters on condition of anonymity.

Hellenic Petroleum was the first European company which agreed last month to buy crude oil from the National Iranian Oil Company (NIOC) after sanctions on Iran were lifted.

Iran’s deputy oil minister Amir-Hossein Zamaninia has said Hellenic Petroleum would buy 60,000 barrels of crude per day and could increase it to 150,000 bpd.

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