By Benoit Faucon: Published: June 12, 2016 4:21 p.m. ET
Iran on Sunday replaced the head of its state-oil company, in a push to attract foreign companies.
Iran has been quicker in resuming sales of its oil to companies in the European Union, after a three-year ban. Royal Dutch Shell recently loaded one Iranian crude oil shipment as a spot cargo, NIOC’s marketing chief Mohsen Ghamsari said in remarks posted on the company’s website. Shell last week declined to comment on market talk about the cargo, which would be the first for Shell from Iran since the lifting of the embargo.
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