By Jonathan Saul and Parisa Hafezi LONDON/ANKARA (Reuters) - Iran and Russia are negotiating an oil-for-goods swap that would let Iran lift oil exports substantially, in defiance of the Western sanctions that helped force Tehran in November to agree a preliminary deal to end its nuclear program. Three Russian and Iranian sources close to the negotiations said final details were in discussion for 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. "We are discussing the details and the date of signing a deal depends on those details." It is not clear whether the deal would be implemented before the details of November's nuclear agreement in Geneva between Iran and six world powers, including Russia, are finalized. Technical talks between Iran and the European Union on the nuclear deal started on Thursday.
More...
January 10th, 2014
--
