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Russia/Iran Potential End of Year Oil & Gas Swap Deal

ENERGY

Russian Deputy Prime Minister Alexander Novak told Tass earlier today that Russia and Iran might reach an agreement on swap supplies of oil and gas by the end of the year.

  • The first stage might imply the delivery of 5 mln tonnes of oil and up to 10 bln cubic meters of gas.
  • The two heavily sanctioned nations have been having discussions with one another to try and boost their economic co-operation.

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