RUSSIA & IRAN (OBSERVATORY) – The head of the Ministry of Energy of Russia, Alexander Novak, said that the country was working with Iran to extend the agreement on oil supplies under the oil-for-goods program.
“The first delivery was already, now the next ones are being organized. In general, we believe that the agreement should be extended for five years, and we are working on this issue, “Novak Tass quoted .
In February, Iranian oil minister Bijan Namdar Zanganeh said that 3 million barrels of oil are delivered to Russia every month . The official noted that under the terms of the program, Tehran should send half of the funds received for the purchase of Russian goods and services.