News
04 January 2017

Vitol seals $1bn pre-finance oil deal with Iran

Region:
Middle East & Africa, Europe

Swiss-headquartered oil trader Vitol has sealed a deal with the National Iranian Oil Company to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products. It is the first such major contract between Iran and a trading house since sanctions were lifted last year.

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
11 March 2026

TXF Commodity Finance Perfect 10: Resilience is as important...

The word is out: TXF's Perfect 10 Commodity Finance Deals of the Year have been revealed. 2025 has shown that the best deals often come in smaller packages. This year's list...

Perspective
13 March 2026

TXF Export Finance Perfect 10: Bigger, bolder and greener

What TXF's 2025's award-winning export financings say about the state of the market in 2025. It was a year when all of the promise of the ECA-backed market - in size, ambition...