Iranian Minister of Petroleum Bijan Zangeneh says Tehran is set to sign a deal with Moscow within the next 10 to 15 days to sell 100,000 barrels per day of oil to Moscow.
Briefing the media on his meeting with Russia’s Energy MinisterAlexander Novak in Tehran on Tuesday, Zangeneh said the deal would provide Iran with an opportunity to find new customers.
Zangeneh added that Russia had expressed willingness to cooperate with Iran for long-term regulation of the country’s oil market.
"During the meeting, we agreed to hold a workshop in Moscow over the next few weeks on the new model of Iranian oil contracts,” he said.