Reuters - Russias Energy Minister Alexander Novak said on Tuesday that Russia and Iran could extend a bilateral deal on oil supplies for five years when it runs out at the end of the year, the TASS news agency reported. It has been extended for the year, but in general, we think it should be extended for five years, Novak was quoted by RIA news ...

Azer News- Half of the funds that Iran receives from the contract to supply oil to Russia will be spent on financing joint projects, Iranian Ambassador to Russia Mehdi Sanaei said in an interview with RIA Novosti. The envoy emphasized that it is wrong to call this a "contract on oil swap for goods. We do not have a contract on oil swap for goods,...

TASS- Deliveries of Iranian oil to Russia via Promsyryeimport affiliate of the Russian Energy Ministry under the "oil-for-goods" program can start shortly. Deal parameters are finalized now, Energy Minister Alexander Novak told reporters on Friday. "I hope, in the coming future. Arrangements are at the finalizing stage," the minister said. It ...

TASS- Iran can start deliveries to Russia under the "oil-for-goods" program within the next month, Russian Energy Minister Alexander Novak told reporters on Friday. "We are finalizing the last details of regulatory documents. I think I will respond to your question within one month," Novak said confirming that supplies can start by the end of that ...

RT- Moscow and Tehran have signed a deal, under which Iran will sell crude to Russia in exchange for products, according to Iranian Oil Minister Bijan Zanganeh. While sanctions against Iran have been lifted, banking restrictions on trade in US dollars remain, making it difficult to sell oil on the open market. "The deal has been concluded. We ...

Moscow and Tehran signed a five-year memorandum of understanding in August 2014 aimed at boosting economic cooperation. The agreement envisions Russia constructing and overhauling Irans energy production facilities and electric power grids. MOSCOW (Sputnik) A Russia-Iran deal to exchange Iranian crude oil for Russian goods and equipment is in effect,...

A Vice-President under Mahmoud Ahmadinejad has been arrested and detained in Iran, amid reports and the censorship of a leading newspaper for publishing the claims that he stole billions of dollars. Judiciary spokesman Gholam Hossein Mohseni Ejei said on Monday that Hamid Baghaei, the Vice President for Executive Affairs from 2011 to 2013, has ...

Russia has no plans to import oil from Iran, Russian Energy Minister Alexander Novak said Monday. MOSCOW (Sputnik) Over the weekend, several media reported, citing Iranian Oil Minister Bijan Zanganeh, that Iran would export up to 500,000 barrels of crude oil to Russia per day. According to the Russian minister, Zanganeh "meant that in accordance ...

Daily look at Irans late-breaking news and upcoming events:   Former vice-president detained Hamid Baqaei, the vice-president for executive affairs under former president Mahmoud Ahmadinejad was detained on Monday afternoon, according to Judiciary spokesman Gholamhossein Mohseni Ejei.   Iran spy trial of Washington Post reporter ...

IFP has taken a look at the front pages of newspapers on Monday and picked headlines from 8 of them. IFP has simply translated the headlines and does not vouch for their accuracy. Comments by President Rouhani on measures to protect the environment dominated the front pages of Iranian newspapers on Monday.   Abrar: Womens entry into sporting ...

The "oil-for-goods" program between Moscow and Tehran includes deliveries of building materials and equipment in exchange for Iranian crude oil. MOSCOW, June 8 (Sputnik) Russia has made its first grain deliveries to Iran, Russia's agriculture watchdog, Rosselkhoznadzor, said Monday. "Yes, the deliveries began a few days ago, as of now 100,000 ...

Daily look at Irans late-breaking news and upcoming events:   President Rouhani: Sanctions unable to make Iran bow to unreasonable demands Iranian President Hassan Rouhani blasted the unfair sanctions imposed against the country, but meantime, underlined that they cannot force Tehran to accept the world powers unreasonable demands.  ...

Western media reported over the weekend that Russia and Iran will soon start what has been described for long as an oil-for-food barter scheme. They quoted a report by Bloomberg in which Irans Minister of Petroleum Bijan Zangeneh had said the scheme will be launched within the next days. However, Irans media on Sunday have quoted officials as saying ...

Starting next week, Iran might start exporting oil to Russia under a barter deal between the two countries. In exchange for oil, Russia promises to deliver grain, certain types of equipment and construction materials. Iran hopes to start an "oil-for-goods" barter deal with Russia next week, Iran's Oil Minister Bijan Namdar Zanganeh said. "We ...

Iran said on Saturday that Russia has not been able to sell any of its crude oil cargoes a rare acknowledgement of existing setbacks in an oil-for-food barter scheme whose details are yet to be exposed to the media. The problem in the [barter] agreement with Russia is the fact that it has not been able to sell any Iranian oil cargoes, Mohsen Qamsari,...

Mansour Moazami, an adviser to Iran's oil minister, said that there was a conversation about a deal to exchange oil for Russian goods but no agreement has been reached so far . TEHRAN (Sputnik) Iran has not ruled out a deal to exchange oil for Russian goods but no agreement has been reached so far, an adviser to Iran's oil minister told Sputnik....

(Reuters) - Russian and Iranian companies are discussing terms for a barter deal which will not include oil deliveries, Russian Energy Minister Alexander Novak said on Wednesday, trying to end confusion over the status of a long-heralded agreement. Russian officials said on Monday Russia was sending grain, equipment and construction materials to ...

Russia says it has started a strategic oil for goods barter trade with Iran, stressing that the due proceedings are already working well. Russias Deputy Foreign Minister Sergei Ryabkov said the country is currently providing a considerable volume of goods to Iran in exchange for the Iranian crude oil without providing any specific figures. Ryabkov ...

TEHRAN (FNA)- Iranian Oil Minister Bijan Namdar Zanganeh dismissed oil-for-goods contract between Tehran and Moscow. "We do not have any oil barter trade deal between Iran and Russia," Zanganeh said in a televised interview on Monday night. The Iranian oil minister pointed to the endorsement of a memorandum of understanding (MoU) between the ...