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FinancialNews


  • 11-10-22

    Iran starts cooperating with Russian companies to trade oil outputs

    (MENAFN) Iranian Oil Minister Javad Oji stated on Sunday that the nation has begun cooperating with some Russian firms for exchanging as well as trading petroleum outputs in the Caspian Sea area, as reported by Shana.

    “We have started working with some Russian companies for exporting, bartering, and swapping oil products from the Caspian Sea region,” Oji mentioned.

    In line with the minister, Iran has the volume to ship, barter, and trade 10 million tons of this kind of outputs with Russia.

    He also stated “Both Iran and Russia have very good capacities in the fields of oil, gas, and petrochemicals; Fortunately, during this period, we have signed deals worth nearly four billion dollars for developing fields and [deals worth] 40 billion dollars for the construction of gas export lines and LNG units.”

    Oji continued: “This type of contract is very attractive for Russian investors and fortunately, considering the importance of energy that we all know about in the world today, it has created a golden opportunity to sign other contracts with Russians in the future.”

    MENAFN11102022000045014228ID1104999747

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