Iran

[Shahab3]

Wed Aug 06, 2014 10:27
Vladimir Putin Soon to Sign Historic $20bln Oil Deal with Iran to Bypass Western Sanctions
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Under the terms of a five-year accord, Russia would help Iran organise oil sales as well as “cooperate in the oil-gas industry, construction of power plants, grids, supply of machinery, consumer goods and agriculture products”, according to a statement by the Energy Ministry in Moscow, the Telegraph reported.
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A deal could see Russia buying 500,000 barrels of Iranian oil a day, the Moscow-based Kommersant newspaper has previously reported. That would be about a fifth of Iran’s output in June and half its exports.

The move would be a win-win for both nations after they were hit with Western sanctions aimed at limiting their energy sectors.
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