The Deputy Oil Minister of Iran, Ali Majedi, said that Tehran and Moscow will continue talks on the barter supply of Russian oil in exchange for equipment and supplies, while noting that it will be difficult to reach an agreement because the countries are competitors on both markets, Reuters reports."Many people think that oil and gas is the main problem, but it's a very difficult question, because both countries are producers and exporters of oil and gas," Majedi said on the sidelines of the Middle East Conference on Oil and Gas in Dubai, adding that "so far an agreement has not been reached and the contract has not been signed, so negotiations will continue," RIA Novosti quotes him as saying.Russia and Iran are discussing delivery to Russia of about 500 thousand barrels of Iranian oil per day in exchange for Russian equipment and products. Reuters reported earlier that Russia and Iran hope to sign an agreement in the near future.The Deputy Oil Minister of Iran, Ali Majedi, said that Tehran and Moscow will continue talks on the barter supply of Russian oil in exchange for equipment and supplies, while noting that it will be difficult to reach an agreement because the countries are competitors on both markets, Reuters reports.
"Many people think that oil and gas is the main problem, but it's a very difficult question, because both countries are producers and exporters of oil and gas," Majedi said on the sidelines of the Middle East Conference on Oil and Gas in Dubai, adding that "so far an agreement has not been reached and the contract has not been signed, so negotiations will continue," RIA Novosti quotes him as saying.
Russia and Iran are discussing delivery to Russia of about 500 thousand barrels of Iranian oil per day in exchange for Russian equipment and products. Reuters reported earlier that Russia and Iran hope to sign an agreement in the near future.
