Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Iran Delivered the First Shipment of Oil to Russia
December 2, 2017 15:27


In November, Iran delivered the first shipment of oil to Russia as part of the oil-for-goods program. This was stated by the Minister of Energy Alexander Novak. One tanker arrived in Russia; no new sales are planned for 2017.

It is expected that in 2018 Russia will purchase from Iran about 5 million tons within the program. Procurement will be carried out through Promsyrieimport.

The Memorandum of Understanding between Russia and Iran was signed in 2014. It assumes the implementation of a number of business projects for 70 billion dollars. It also includes the oil-for-goods program.

Initially, it was assumed that Tehran would sell up to 100,000 barrels per day to Moscow. A similar scheme was applied to Iraq by the United Nations Organization until 2003. It allowed the country to exchange oil for food, medicine and essential goods, while not receiving foreign exchange earnings, which could be used to purchase the weapons.


Author: Anna Dorozhkina

Tags: Russian oil and gas industry     

Next Previous

You might also find interesting:

A Multi-functional Yacht Club May Appear In Vladivostok Japan Is Ready To Invest Into Non-resource Sector Of the Far East MMC Norilsk Nickel's 2015 Audited Financial Results Avito will Compete with Airbnb Nadezhda Savchenko ase

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share


search on the map
Forest Fires  nuclear safety  Gazprom  Znamensk  Kirov Region  Russian business  tips for travellers  Sayanogorsk  Book Tickets for Concerts  Grand Slam  Russian startups  Russian history  agriculture  zoology  Russian tourism  Russian football  Ural Malachite  Muzeon  Winzavod  Kaluga Region  Moscow  Exhibitions in Moscow  Russia-India  Sergey Reznik  Navalny  Alexander Lebedev  St. Petersburg  Nizhny Novgorod  State Duma  Russian Literature  Russian universities  Mercedes-Benz Fashion Week Russia  Moscow Zoo  Russian hockey  Shnobel Prize  Pussy Riot case  Art Exhibitions  Russian boxer  Archeology  Sochi 2014  Zaryadie Park  VKontakte  air pollution  Moscow weekends  Russian Cinema  Russian designers  Maria Callas  Russia  Bolshoi Theatre  Lipetsk Region 

Travel Blogs
Top Traveling Sites