
Iran has planned to resume crude oil swap operations and invite companies to cooperate, local media reported. "We are planning to resume crude oil swap operations, and invite companies to cooperate," Iranian Deputy Oil Minister for International and Trade Affairs Ali Majedi said. Crude oil swap operations were halted in 2009 during the administration of former president Mahmoud Ahmadinejad. Iran compelled then the Caspian Sea littoral states to choose other routes to deliver their oil products to international markets. It also increased the smuggling of oil and oil products. Reports last year said that Iran and Russia might sign crude oil swap deals. Iran's oil officials said that Iran is in talks with the Caspian Sea littoral states to increase crude oil swaps with its northern neighbors. The country plans to develop coastal infrastructure at its northern port city of Neka, about 200 km north of Tehran, to boost its oil swap capacity.
GMT 22:17 2018 Monday ,22 January
Opec output cuts near victoryGMT 22:57 2018 Saturday ,20 January
the literary canary in India's coalmineGMT 07:11 2018 Friday ,19 January
Oil market heads towards 'smooth rebalancing': OPECGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 19:07 2018 Saturday ,13 January
Oil hits $70 a barrel for the first time in three yearsGMT 15:44 2018 Saturday ,13 January
Bahrain to host MERTC 2018GMT 18:24 2018 Friday ,12 January
No need to panic over $70 oil price: UAE Energy MinisterGMT 13:21 2018 Friday ,12 January
Kuwaiti oil price up 93 cents to stand at US$66.09 per barrel

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor