Vitol clinches $1 billion pre-finance oil deal with Iran

04 January 2017, London/Dubai — The world’s largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said. The pre-finance deal is the first such major contract […] More »