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Iran’s talks on oil barter deal with Russia do not depend on Vienna dialogue

July 13, 2014, 14:50 UTC+3 TEHRAN

Majedi rejected claims by certain circles that Iran-Russia oil barter talks were halted because of the progress of the nuclear negotiations

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TEHRAN, July 13 /ITAR-TASS/. Iran’s Deputy Oil Minister for International and Commercial Affairs Ali Majedi told IRNA on Sunday that talks are underway between Tehran and Moscow to develop a final agreement on barter of oil regardless of the progress or outcome of Iran’s nuclear negotiations with the world six powers (US, Russia, Britain, France and China plus Germany).

Majedi rejected claims by certain circles that Iran-Russia oil barter talks were halted because of the progress of the nuclear negotiations.

He stressed that delegations from the two countries are working on oil barter to get to a desired result. Noting that Tehran and Moscow are serious about the oil barter plan, the deputy minister said details of their final agreement have not been finalized yet.

He added since delivering oil to Russia could not be possible via the Caspian Sea, Iran will use its southern ports for this purpose.

According to non-official sources, IRNA reports, Iran and Russian are negotiating to strike a 20-billion-dollar deal according which Iran will receives goods and equipment from Russia in exchange for its oil.

Some time earlier, Russia’s Minister of Energy Aleksandr Novak, who co-chairs the permanent Russian-Iranian commission on trade and economic cooperation, said the agreement on the trade and industrial cooperation with Iran was due in September.

“In September we shall have a meeting of the Russian-Iranian intergovernmental commission,” the minister said. “We shall draft an agreement on development of the trade and industrial cooperation. Our consultations are ongoing.”

However, he did not specify, whether the oil-for-goods deal would be included in the agreement.

In an interview with Itar-Tass the minister said Russia was negotiating with Iran growth of the trade turnover between the countries my cooperation in the energy. In early 2013, Moscow hosted the tenth meeting of the intergovernmental commission. “Among other issues, the meeting discussed various variants of growing trade turnover between our countries, and a financial approach, where our companies could supply various products to Iran - products of metallurgy, machinery and energy equipment,” Novak said.

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