No. 13



Monument Oil Arranges Swap With Iran, Exports First Turkmen Oil Via Baku

Monument Oil and Gas Plc of the UK announced on 23 March that it had reached anagreement on an oil swap with the National Iranian Oil Company (NIOC). Monument is activein Turkmenistan's Burun field, but Burun production will be taken to the refinery inTurkmenistan and Monument will receive Celeken Blend crude to swap with Iran. For the timebeing, the crude will be delivered to Iran's...