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"Russia and Iran plan oil and gas swap as part of their new push to step up trade which is relatively minuscule compared with their strong political ties.* Representatives of a major Russian energy company will arrive in Tehran soon for discussions on swap of crude oil, oil products and gas, Iran’s Deputy Petroleum Minister Amir Hossein Zamaninia said on Monday. Under the arrangement, Iran would take delivery of Russian oil, gas and their derivatives in the Caspian Sea for use in northern provinces and deliver*the same amount of the products to Russia’s customers in the Persian Gulf. The plan follows a recent visit to Tehran by Russia’s Energy Minister Alexander Novak at the*head of a large trade delegation to expand relations. Zamaninia said Novak held “very constructive and fruitful negotiations” with Iran’s Minister of Petroleum Bijan Zangeneh. Russian companies, he said, are greatly*interested in Iran’s projects to boost recovery from*oil and gas fields."
"Russia and Iran plan oil and gas swap as part of their new push to step up trade which is relatively minuscule compared with their strong political ties.* Representatives of a major Russian energy company will arrive in Tehran soon for discussions on swap of crude oil, oil products and gas, Iran’s Deputy Petroleum Minister Amir Hossein Zamaninia said on Monday. Under the arrangement, Iran would take delivery of Russian oil, gas and their derivatives in the Caspian Sea for use in northern provinces and deliver*the same amount of the products to Russia’s customers in the Persian Gulf. The plan follows a recent visit to Tehran by Russia’s Energy Minister Alexander Novak at the*head of a large trade delegation to expand relations. Zamaninia said Novak held “very constructive and fruitful negotiations” with Iran’s Minister of Petroleum Bijan Zangeneh. Russian companies, he said, are greatly*interested in Iran’s projects to boost recovery from*oil and gas fields."
[text] Russia and Iran Plan Oil and Gas Joint Venture | PressTV
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