Kazakhstan plans to increase oil swaps with Iran

Nov 09, 1998 01:00 AM

Kazakh Deputy Energy Minister Dosayev Yevbolat has said his country planned to increase the amount of oil to be transferred to Iran under an existing swap agreement.
Yevbolat did not say how much additional oil it intended to ship.
Iran has an oil swap deal in place with Kazakhstan whereby 2 million tons (40,000 bpd) of Kazakh crude will be delivered to the north of Iran in exchange for rights to lift a similar amount of Iranian crude in the Gulf.
A deal for 1 mm tons last year was only partially fulfilled after questions over the quality of Kazakh oil arose.
Yevbolat said Kazakhstan hoped to transfer its oil output to Iran in the future after the construction of an oil pipeline via Turkmenistan.

Source: not available
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