Iran to Start Cured Oil Export to Russia Soon

Iran to Start Cured Oil Export to Russia Soon
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. 


Feb 22, 2017 13:10

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The section of oil, gas and petro-chemistry is the up-most and first industrial vantage of the country and the pivot of the Economy of Iran. Regarding the importance of this section and the need for coordinating and organizing the most active people in the field of production and exporting oil ,gas, and petrochemical products ,some forethoughtful and job- makers in the private section of the country decided to come together to fight against the threats by using the opportunity of mass intelligence and potentials.