Greek refinery buys Iran's first new crude oil export

An old relationship and an old debt are part of the common history shared between Greek refinery Hellenic Petroleum and Iran's National Iranian Oil Company, which will now resume the collaboration that was discontinued by the sanctions.

BY CHRISTIAN BARTELS

The largest refinery in Greece, Hellenic Petroleum, has now signed off on a deal with National Iranian Oil Company and thus becomes the first European refinery to resume trade with Iran after some of the sanctions have been lifted, writes Reuters.

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