Iraq, Iran to Start Oil Swap

• Wednesday, 28th March 2018
• by Editorial Team

A senior Iraqi energy official has said that oil could be sent from Kirkuk in the north of Iraq to Iran’s Kermanshah refinery in the coming weeks, according to Fars News. “The swap deal was agreed at the end of ...

Nigeria Saved $336m in Revoked Oil Swaps

• Wednesday, 12th October 2016
• by Egypt Oil & Gas

The Nigerian National Petroleum Corporation (NNPC) has saved the country $336.4m between April and July of 2016 by stoping the controversial contract for petroleum product import called crude oil swap, Daily Trust rep...

Iran, Total to Resume Oil Swap with Caspian Sea

• Monday, 19th September 2016
• by Egypt Oil & Gas

Naftiran Intergraded Company Sàrl, Swiss-based subsidiary of the National Iranian Oil Company (NIOC), and France’s Total will sign oil swapping deal for around 200,000b/d. This agreement signals the revival of o...

Iran to Re-Launch Oil Swaps with Azerbaijan

• Monday, 29th February 2016
• by Egypt Oil & Gas

Iran is expected to begin implementing the oil swap agreement with Azerbaijan in March, after a gap of five years, ABC reported. Iranian Deputy Oil Minister and Managing Director of the National Iranian Oil Company (N...

Russia to Swap Food-for-Oil, Export Missiles to Iran

• Tuesday, 14th April 2015
• by Egypt Oil & Gas

Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signaling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehra...

Bank Oil Swap Gives Goudron Go Ahead to Update Field Development Plan

• Wednesday, 18th March 2015
• by Egypt Oil & Gas

LGO Energy has announced that its wholly owned subsidiary, Goudron E&P Limited, has now drawn an initial $11.78 million from the $25 million pre-paid oil swap facility agreement with BNP Paribas to fully fund the ...