Middle East Economic Survey

VOL. LI

No 36

8-Sept-2008

IRAN/CASPIAN

Azeri Crude Swaps Exceed 5,000 B/D, Jask Terminal Under Construction

Iranian Oil Terminals Company Managing Director Mousa Souri told reporters on 30 August that Azeri crude swap deals, which commenced on 24 August (MEES, 1 September), have reached 5,000-10,000 b/d. Azeri crude is delivered from Sangachal Terminal in the south of Baku to the Iranian port of Neka in the Caspian Sea, in return for an equivalent amount of Iranian crude...