SOCHI, February 27. /TASS/. Russia is negotiating the issue of daily purchases of 100,000 barrels of oil from Iran, Energy Minister Alexander Novak said Monday.
"Currently those issues are being negotiated," he said, adding that the sides are "discussing the terms" of the potential agreement.
The issue is about submitting amendments to the memorandum (on oil-for-goods swaps - TASS) signed by the two countries in 2014, the Minister said.
According to Novak, oil purchases from Iran may be executed by Russia’s federal state unitary enterprise Promsiryeimport. "Promsiryeimport is the organization authorized by the government," he said when asked which Russian company will buy Iranian oil.
Iran’s Oil Minister Bijan Namdar Zanganeh said following his meeting with Novak on February 21 that Tehran was ready to make an agreement on supplies of 100,000 barrels of crude oil per day within the next 10-15 days.
The ministers also discussed potential ‘oil-for-goods’ swaps at the meeting, as well as the progress in implementing the oil production cap agreement.
Oil swaps enables Iran to optimize oil deliveries to refineries in the north of the country because the greater portion of oilfields is concentrated in the South Iran.