Iran to resume oil swap after 5 years
Tehran, Iran, December 26
By Mehdi Sepahvand, Trend:
After five years, Iran is going to resume oil swap in the coming days, the National Iranian Oil Company said.
An oil cargo from a Caspian Sea littoral country (perhaps Kazakhstan), is to be reloaded at an Iranian terminal, Mehr news agency reported December 26.
Last week National Iranian Oil Products Distribution Co. CEO Nasser Sajjadi said Iran is going to swap oil products with Turkmenistan and Kazakhstan, adding liquefied gas would be of a top priority.
Iran has been half-tied in oil swap under sanctions which are expected to be lifted within a month.
Iran's North Oil Terminal by the Caspian Sea can accommodate the exchange of 200,000 barrels of oil a day.
Iran plans to enhance the capacity to 500,000 barrels per day.