Seeking Alpha

Iran, Russia in talks over oil-for-equipment barter deal

  • Iran is reportedly in talks with Russia for the latter country to receive 500,000 bpd of oil from Iran in return for equipment and other goods.
  • The deal, worth a possible $1.5B, would increase Iran's crude exports by 50%.
  • Given that Russia produces its own oil, the Iranian crude may well be sold onto other buyers.
  • It's not clear whether the transaction would go into effect before or after the finalization of an agreement between Iran and six world powers - including Russia - that would ease the sanctions on the Persian nation in return for the scaling back of its nuclear program.
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Comments (4)
  • keentolearn
    , contributor
    Comments (130) | Send Message
    FT is the worst news agency I ever encountered with. Learn something from CNBC and Bloomberg.
    12 Jan 2014, 09:42 AM Reply Like
  • Retracement
    , contributor
    Comments (461) | Send Message
    Original Source Reuters;


    This is the stock worth considering:
    In 2013, it acquired TNK-BP Holding OAO, a 51% stake in Petroresurs LLC, as well as consolidated a 100% stake in Elvary Neftegaz ZAO, NGK Itera OOO and TNK-Sheremetyevo LLC. In 2013, it also acquired a number of oil and gas assets in Yamalo-Nenets Autonomous Region and Morgan Stanley’s global physical oil trading business
    13 Jan 2014, 04:50 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4103) | Send Message
    Now that the sanctions have forced Iran to drop its nuclear weapons ambitions (sic), it can once again become a leading exporter of oil. The Western Powers have no appetite for war with Iran and have crafted a deal that provides them with a fig leaf while Saudi Arabia and Israel become strange bed fellows in constraining the mullahs.
    12 Jan 2014, 06:49 PM Reply Like
  • black_swan
    , contributor
    Comments (18) | Send Message
    Double win for Russia. Not only Russia gets to resell the precious Iranian oil that EU been salivating over for years, but they get to deal with a swap that doesn't involve dollars.
    13 Jan 2014, 03:50 AM Reply Like
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