According to the Farsnews The Italian energy firms Saras SpA and Iplom SpA signed a one-year contract to buy crude oil from Iran.

According to a contract with Saras SpA, Iran will export between 60,000 to 65,000 barrels of oil per day to the company’s refineries for a period of one year.

The Saras SpA oil company is currently purchasing 30,000-35,000 barrels of oil per day from Iran.

In May, Managing Director of the National Iranian Oil Company (NIOC) Roknodin Javadi said that negotiations were underway with Italy’s Eni SpA and final agreement would soon be achieved.

“In case of agreement, it would be possible to sell 100,000 barrels of crude oil per day to Italy’s Eni,” Javadi said.

Meanwhile, NIOC’s International Affairs Director Mohsen Qamsari said that the current export volume of Iran’s crude oil and gas condensates is 2.5 million barrels per day while 100,000 barrels will be added to the figure in the coming weeks.”

Iranian Oil Minister Bijan Zangeneh had also pointed to the signing of oil sale contracts with Italy, and said, “In addition to oil sale deal, a 1.5 billion-dollar agreement will be inked with Italy’s Eni for the development of the third phase of Iran’s Darkhovin oil field.”