Middle East Economic Survey


No 16



Dragon Oil To Export Crude Through Azerbaijan As Iran Swap Expires

Dragon Oil announced on 8 April that it will increase its exports of Cheleken crude through Azerbaijan while it renegotiates a swap agreement with Iran. Dragon, which is headquartered in Dubai, said that it is currently negotiating with Irans Naftiran Company in relation to a new swap agreement or extending the term of the existing swap agreement. The recently...