ˈI neither confirm nor reject the issue,ˈ Zanagneh said in an interview when asked whether Iran had signed a barter oil deal with Russia.
Based on certain reports, Iran and Russia are said to have been in talks for an oil-for-goods swap deal worth $1.5 billion that would enable Iran to raise oil exports substantially.
Russian and Iranian sources close to negotiations said both sides were in final stage of discussion on a deal under which Russia would buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.
