Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Iran, Russia hope to restart 150,000 b/d oil swaps: report

Energy | Thermal Coal | Electric Power | Emissions | Renewables | Oil | Crude Oil | Metals | Steel | Raw Materials

Market Movers Europe, Oct 21-25: Putin hosts heads of state at Russia-Africa Summit, as Brexit taints EU carbon market

Oil

Platts Market Data – Oil

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Oil | Crude Oil | Refined Products

Refinery Margin Tracker: Maya margins rise on USGC ahead of Pemex's new streamlined price formula

Iran, Russia hope to restart 150,000 b/d oil swaps: report

Tehran — Iran hopes to restart crude oil swaps of 150,000 b/d with Russian oilcompanies, oil minister Bijan Zanganeh said Saturday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"During the trip by the Russian energy minister to Tehran, we didn'tdiscuss it, but Lukoil is following this plan up," Zanganeh was quoted assaying by the state IRNA news agency Saturday.

Oil swaps between Iran and the Caspian states, which include Russia,stopped in 2010, when Iran's then oil minister Masoumi Mirkazemi described theterms of the swaps an "unfair deal" and strengthened international sanctionsforced the oil companies involved to pull out.

"Russia's Gasprom is also taking some measures to cooperate with Iran forgas swap," Zanganeh was quoted as saying Saturday.

As part of an oil-for-goods deal, Iran is ready to sign an agreement tosupply 100,000 b/d of crude to Russia, Zanganeh said earlier this month, inthe latest sign of the two nations' strengthening mutual ties in the face ofWestern sanctions.

Iran has also signed an agreement with Russia's Gazprom Neft fordevelopment studies on the Changouleh and Cheshmeh-Kosh onshore oil fields.

Along with a deal for development studies with Lukoil, Zarubejneft andTatneft, Russian oil companies have become the most active potential investorsin Iran's oil and gas sector.

--Aresu Eqbali, newsdesk@spglobal.com

--Edited by Wendy Wells, wendy.wells@spglobal.com