Russia, Iran Continue Addressing Swap Supplies of Oil, Gas: Novak

Russia and Iran continue developing the issue of swap supplies of oil and gas, Russian Deputy Prime Minister Alexander Novak told reporters. "Technical possibilities are being addressed, which is why this is regarded as a promising project," he said.

Earlier, Novak told reporters that Moscow and Tehran could reach an agreement on swap supplies of oil and gas, adding that the first stage might suggest the supplies of 5 million tons of oil and up to 10 billion cubic meters of gas.

Deputy PM noted that the sides were developing technical details. The Iranian side has already suggested that Russia provide swap supplies of gas through its territory, similar to those flowing from Turkmenistan to Azerbaijan via Iran’s territory. - TASS