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Oil Swap starts between Iran and Iraq
June 5, 2018
Source: Vanguard

Oil Swap starts between Iran and Iraq

Iran and Iraq have started oil swapping under the swap deal inked between the two countries. The deal was signed in 2017, under which Iraq is about to truck 60,000 bpd of crude oil to Iran, covering all transport costs, via Kirkuk strategic route. Iran, from its end, will deliver to Iraq’s clients through its Kharg terminal in the Persian Gulf, in equal volumes with the same quality.

   Read More About : Iran Iraq Midstream Oil
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