Iran offers oil swap deal to Azerbaijan

15:00 | 04.08.2015
Iran offers oil swap deal to Azerbaijan

Iran offers oil swap deal to Azerbaijan

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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