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2017-02-28 18:35:00

IRANIAN EXPORTS TO RUSSIA

IRANIAN EXPORTS TO RUSSIA

SHANA - Iran will begin exporting 100,000b/d of crude oil to Russia within the next two week, Iranian Minister of Petroleum Bijan Zangeneh said.

Following a meeting with his Russian counterpart here in Tehran on Tuesday evening, the official said Iran will begin shipments to Russia after signature of a deal for export of 100,000b/d of crude.

"Tehran and Moscow will sign a deal for export of Iran's crude oil to Russia in the near future," Zangeneh told reporters after the meeting.

He said Russia will pay 50% of the cash for Iran's crude oil at pre-determined deadlines and will settle the rest by supplying Russian goods to Iran.

The official also underlined Russia's constructive role in the historical deal struck between OPEC and non-OPEC oil producers.

Russia has committed itself to curb 300,000b/d of its crude oil output to join the deal.

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Earlier:

IRAN: 

IRANIAN OIL UP 

IRAN'S OIL PRODUCTION: 3.9 MBD 

IRAN - INDIA IMPORTS UP 

RUSSIA WILL STUDY IRAN 

RUSSIAN INVESTMENTS TO IRAN

 

RUSSIA: 

RUSSIAN CHOICE 

OPEC, RUSSIA CUTS 

RUSSIA'S OIL SUCCESS 

IMPORTANT FOR RUSSIA 

RUSSIA SANCTIONS FOREVERMORE

 

 

Tags: IRAN, OIL, EXPORT, RUSSIA
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