Greece will repay all its oil debts to Iran under a two-year instalment plan, Iran’s Mehr News Agency reported on Friday, quoting deputy oil minister for international affairs, Amir Hossein Zamaninia, as saying. Zamaninia has previously said that Greek refiner Hellenic Petroleum owed Iran around US$979 million (900 million euro), the Iranian news agency says. Iran is currently shipping on average 60,000 barrels per day to Greece, according to the deputy oil minister. It was Greece, with Hellenic Petroleum, that was the first EU country to return to buying Iran’s oil right after the international sanctions against Iran were lifted in January of this year. At that time, Greece’s biggest oil refiner said that it had reached a long-term agreement with the National Iranian Oil Company (NIOC) that includes the immediate start of crude oil deliveries, and settlement of financial liabilities, which originated from the international sanctions […]