Energy
0

Iran's Oil Swap Deal With Iraq Commences

Iran's Oil Swap Deal With Iraq CommencesIran's Oil Swap Deal With Iraq Commences

The delayed project to swap Kirkuk oil from Iraq to Iran was launched last week.
Seyyed Hamid Hosseini, secretary general of Iran-Iraq Chamber of Commerce, made the statement on Monday, ISNA reported.
"As per the deal 80 oil trucks are sent to Iran every day," he said, adding that Baghdad remains committed to other bilateral agreements, including laying a pipeline for swapping Kirkuk oil.
The two countries agreed last year to swap up to 60,000 barrels per day of crude from Kirkuk for Iranian oil to be delivered to southern Iraq.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com