Time needed for oil swap resumption in north oil terminal

EghtesadOnline: Minister of Petroleum Bijan Zangeneh says resumption of oil swap in north oil terminal in Mazandaran will take time, depending on other parties' cooperation.

News ID: ۷۷۸۱۳۱

02 August 2017

Zangeneh made the remarks in an interview with reporters on the sidelines of a ceremony to inaugurate Damghan-Sari gas piple-line, IRNA reported.

He said swap has been made possible during tenure of the 11th government and all facilities and conditions have been possible by the Islamic Republic of Iran.

He went on to say that Kazakhstan, Turkmenistan and Russia should supply crude fuel for swap in the north and the Iranian party is ready in terms of line and facilities.

He announced that as a country that depth of its Caspian Sea share is between 700 to 800 meters, Iran has no experience to explore oil in such a depth.