Iran, Russia working to seal $20 billion oil-for-goods deal - sources


  • World
  • Thursday, 03 Apr 2014

LONDON/ANKARA (Reuters) - Iran and Russia have made progress toward an oil-for-goods deal that sources said could be worth up to $20 billion (12 billion pounds) and enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.

In January, Reuters reported that Moscow and Tehran were discussing a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Australia, NZ unable to send evacuation flights to New Caledonia
US high school students devise app that detects scam calls
Lai Ching-te sworn in as Taiwan's new president
Study: Children who spend more time on social media ‘more likely to vape’
UNICEF rehabilitates medical centers in Libya's floods-hit Derna
DRC army says it stopped attempted coup involving US citizens
Algeria launches 3rd general agricultural census
Spain recalls ambassador after Argentina's Milei calls PM's wife 'corrupt'
Interview: U.S. high tariffs on Chinese EVs outdated, useless, says economist
Across China: Russian specialities fuel buyers' enthusiasm at China-Russia Expo

Others Also Read