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Saturday, January 23, 2016

Greek Refiner ELPE Signs Deal with Iran’s NIOC for Crude Oil Deliveries

Greek refiner Hellenic Petroleum (ELPE) and Iran’s national oil company NIOC reached a long-term agreement for the immediate start of crude oil deliveries to Greece, the company announced on Friday. ELPE will purchase 25 percent of their needs from NIOC and settle an estimated 550-650 million euros in debt repayable over four years. The debt


READ THE ORIGINAL POST AT greece.greekreporter.com