Saturday Dec 16, 2017

PetroEnergy Information Network

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Hungary eager to Boost Oil Purchase from Iran

(Monday, December 04, 2017) 12:38

TEHRAN, Dec. 04 (Shana) -- The Hungarian Finance Minister voiced his country's willingness to increase oil purchases from Iran in the future, adding banking relations between the two counties will also be facilitated.

Following a meeting with Iranian Minister of Petroleum Bijan Zangeneh in Tehran Monday morning, Mihály Varga said: "We are willing to increase oil purchases from Iran in the future."

Hungary's MOL bought a 1-milion-barrel oil cargo from Iran in the post-Joint Comprehensive Plan of Action (JCPOA) era.

Speaking about Tehran-Budapest banking negotiations, the Hungarian official said it has been decided that banking ties between the two counties strengthen without causing any troubles for investors.

A delegation of Hungarian banks will travel to Iran next week to hold talks with their Iranian opposite numbers.