Chinese state trader Zhuhai Zhenrong Corp has renewed a one-year supply contract with the National Iranian Oil Company (NIOC) for 100,000 barrels of condensate, a 50 percent increase on the previous annual agreement, two people with direct knowledge of the deal said on Friday.
The agreement, which covers a year’s supply from August 2015, is separate from the two main supply contracts of predominantly crude oil between China and Iran totaling about 505,000 barrels per day.
A Zhuhai Zhenrong spokeswoman declined to give an immediate comment on the matter.
Last Update: Wednesday, 20 May 2020 KSA 09:47 - GMT 06:47
