Middle East Economic Survey

VOL. LIII

No 49

6-Dec-2010

IRAN/CASPIAN

Iran Considers Restarting Caspian Oil Swaps

Iranian Deputy Minister of Petroleum Alireza Zeighami told Mehr News Agency on 25 November that Tehran was considering the restarting of Caspian Sea oil swaps with Turkmenistan, eight months after they were suspended. Under the swap arrangements, whose volumes were said to average 70,000-100,000 b/d in 2009 and the first four months of 2010, Caspian crude was delivered to Neka for...