The deputy oil minister of Iran has announced that the signing of a Memorandum of Understanding (MoU) has created a framework to settle Greece’s oil debt to the Islamic Republic.
Amir Hossein Zamaninia, the Iranian Deputy Oil Minister for International Affairs stated that “during the two-day visit to the European country, a Memorandum of Understanding (MoU) was sealed for meeting Hellenic Petroleum’s debt to Iran.”
Zamaninia also announced that Greece’s Prime Minister, Alexis Tsipras, will make a state vision to Tehran in February asserting “the cooperation agreements between Iran and Greece will become finalized in the upcoming trip.”
“Iran’s private sector is eager to participate in the plan and Iranian Oil Ministry would back the country’s participation in Hellenic Petroleum refinery,” the minister continued.
Zanganeh had also touched upon the purchasing of stocks at Greek oil refineries adding “an Iranian company is willing to buy shares at the European country’s refineries, a decision which will enjoy the support of the Iranian Oil Ministry.”
Previously at a meeting with Foreign Minister of Greece Nikos Kotzias, Iran’s Oil Minister Bijan Zanganeh had announced Hellenic Petroleum’s amount of debt to be 755 million dollars; “proposal have been made on paying off the debt,” he had asserted.