Tsarizm
Middle East News

Iran, Russia To Resume Oil Barter Agreement

Image by Plazak

Russia and Iran are resuming an oil swap barter deal that was set up to help Iran evade Western santions prior to the Iran nuclear deal. It is not clear if this development is due to new sanctions being imposed by the Trump administration on Iran. Russian Energy Minister Alexander Novak declared recently that up to 100,000 barrels of oil will be provided by Iran daily in exchange for goods and equipment. The oil will be settled physically or through a swap mechanism.

“We are finalizing the last details of regulatory documents. I think I will respond to your question within one month,” he told reporters on the sidelines of an international fair in the Turkish city of Izmir on Friday, reported PressTV.

Iran Accuses Russia Of Giving Israel Codes To Syrian Missile Systems

The Iranian government also confirmed the Caspian oil swap had been resumed after a seven year haitus.

Trump Threatens Iran, But Also Russia

Iran uses the oil delivered to its refineries from the Caspain region and then delivers same amount to the Persian Gulf for export.

Related articles

94 Migrants In Hungarian Detention, Who Broke Asylum Rules, Start Hunger Strike

L Todd Wood

Baloch Protesters Storm Government Building In Saravan, Iran…Dozens of Citizens Casualties In IRGC Attack

Hassan Mahmoudi

Georgia And Moldova To Strengthen Economic Ties

Mariam Gogolishvili

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky