Iran is ready for oil swaps with Azerbaijan, Iran's Oil Minister Bijan Namdar Zanganeh said, according to Trend news agency.
He made the remarks on August 4 in Tehran, speaking at a meeting with Azerbaijan’s Economy Minister Shahin Mustafayev.
Zanganeh said that Azeri oil can be transported from Iran’s Caspian port of Neka via a pipeline (with a capacity of 500,000 barrels per day) to the Tehran Oil Refinery.
"Instead, Azerbaijan would get oil on southern borders of Iran,” he said.
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