Baku, Azerbaijan, Feb. 4
By Khalid Kazimov – Trend:
Iranian Oil Minister Bijan Namdar Zanganeh has said that the country has launched exporting its oil to Russia.
According to the minister, the country exports about three million barrels of oil to Russia on a monthly basis, IRNA news agency reported.
He further added that Iran receives the payment for the exports of oil to Russia in euro.
The minister earlier in the day, dismissed the claims on an agreement between Tehran and Moscow to barter oil for Russian fighter aircraft.
Back in 2014, the sides launched negotiations on plans for exporting Iran’s oil to Russia.
Under an initial agreement, Russia was expected to buy up to 500,000 b/d of oil in return for Russian equipment and commodities.