Turkish authorities impose media ban on coverage of Istanbul explosionWorld December 11, 3:01
Erdogan says Istanbul terrorist attack causes fatalitiesWorld December 11, 2:52
Istanbul explosions leave 15 dead, 69 wounded — TV channelWorld December 11, 2:38
Three settlements in Syria join cessation of hostilities — Russia’s Defense MinistryWorld December 11, 2:34
TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
Russian diplomat urges Western reporters to be unbiased in war news coverageRussian Politics & Diplomacy December 10, 20:08
TEHERAN, May 31. /TASS/. Russia and Iran are negotiating formats of oil cooperation which will not be of a barter type, Mohsen Qamsari, director for international relations of the National Iranian Oil Company (NIOC), told the ISNA news agency on Sunday.
"What is going to be done is not barter and it is in the phase of discussion at the moment," he said, add that talks had not yet entered into the phase of operation. "Agreements were made on cooperation with Russians."
The Russian side is supposed to "buy and export our oil, and we can buy fundamental goods from across the world by its funds," he said.
According to INSA, Iranian Oil Minister Bijan Zangeneh had refuted reports that a Russia-Iranian oil deal would be of a barter type. "We can say now that we have not signed anything for barter," Zangeneh was quoted as saying.
Russia and Iran have been negotiating possible purchase of Iranian oil by Russian companies since early 2014. It is planned to ship Iranian oil via Caspian Sea ports. Technical capacities of Iran’s Caspian terminal make it possible to export 500,000 barrels of oil a day. Media say the deal may amount to ten billion U.S. dollars.