Deputy energy minister said a credit line worth five billion dollars has been allocated to Iran by Russians. Iran’s Deputy Energy Minister Rahim Meidani touched upon details of cooperation between Iran and Russia over discovery of deep water resources in Iran saying “following the signing of a relevant agreement between the two countries, the Russian…
Iran’s Tasdid Offshore Development Company (TODC) signed the deal on Sunday which envisages the construction of the drilling rigs over a two-year period in the port city of Khorramshahr, the company’s Managing Director Ehsanollah Mousavi said, reported Press TV. The project will be financed jointly by Russia and Iran, and put the Islamic Republic among…
An oil official has announced that Vitol S.A. of Switzerland is likely to purchase Russian crude to be swapped through Iran’s largest oil terminal in the Caspian Sea. Despite the seven-year hiatus in oil swaps among Caspian Sea littoral states through Iran’s route, the process has not been resumed yet though negotiations are still underway…
