VOL XL
No. 03
20-January-1997
IRAN
Iran-Kazakh Oil Swap Gets Under Way
After some months of delay, the crude oil exchange dealbetween Iran and Kazakhstan, which was signed last May (MEES, 20 May and 3 June1996), has now reached the stage of physical start-up. Four crude cargoes of 4,000 tonseach have already been shipped from Kazakhstan's Caspian Sea port of Aktau for delivery tothe Iranian port of Neka, and a fifth was loading at MEES press time on Friday.This intricate swap was not an easy...
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