10:53 GMT +319 September 2018
Listen Live
    Worker repairs a part of a unit of the Tehran oil refinery, in Tehran, Iran. (File)

    Specific Deal on Oil Swaps With Iran Not Reached Yet – Russian Energy Ministry

    © AP Photo / Vahid Salemi
    Business
    Get short URL
    145

    Russian Deputy Minister of Energy stated that Moscow and Tehran have not made any particular arrangements concerning oil swaps to Iran, as the deal remains at the level of preliminary discussions.

    MOSCOW (Sputnik) Moscow and Tehran have not made any particular arrangements concerning oil swaps to Iran, as the deal remains at the level of preliminary discussions, Russian Deputy Minister of Energy Kirill Molodtsov said Sunday.

    “Only discussions so far, nothing specific,” Molodtsov said, when asked at what stage are the negotiations on the possible swap arrangements.

    Oil swap is a deal under which a price based on a commodity is traded for a fixed price, with the agreement lasting for a fixed time. Iran is currently interested in oil swaps with Russia, Azerbaijan and Turkmenistan.

    Related:

    Russian Oil Companies' Delegation to Visit Iran Next Week
    Iran Hopes to Sign Major Energy Deals With Russia by Mid-December - Oil Ministry
    Iran Oil Export Exceeds 2.44Mln Barrels Daily, Production Reaches 4Mln
    Tags:
    Oil, Kirill Molodtsov, Iran, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment