Optical fiber based current measuring equipment for measuring the current circulating through a conductor. The equipment includes an interrogator having a light emitter and a light receiver, and a sensing portion close to the conductor, the interrogator and the sensing portion being connected through at least one standard single-mode intermediate fiber. The light emitter of the interrogator is configured to emit sets of at least two polarized light pulses to the sensing portion, the pulses being polarized with a specific degree difference, and the light receiver (4) is configured to determine the current circulating through the conductor depending on the pulses it receives in return from the sensing portion. A method for measuring the current circulating through a conductor with the use of an optical fiber based current measuring equipment is also provided.