Russia and Iran to discuss “oil-for-goods” swaps: Novak
Energy Minister Alexander Novak says Russia is negotiating daily purchases of 100,000 barrels of crude oil from Iran, Press TV reported.
The two countries are currently discussing the terms of a potential agreement, Novak said, adding he expected the deal to be reached “within weeks.”
Russia’s state trading enterprise Promsirieimport has been authorized by the government to carry out the purchase, he said on the sidelines of an economic forum in the Black Sea resort of Sochi.
The announcement came after Novak visited Tehran last week, where Minister of Petroleum Bijan Zangeneh said Iran was ready to reach a deal on supplies of 100,000 barrels of crude oil per day to Russia within the next 10-15 days.
The two ministers discussed potential “oil-for-goods” swaps at their meeting, with Students’ News Agency (ISNA) reporting that Iran sought to receive payment half in cash and half in goods and services.
