Iran Resumes Oil Swap Operations in Caspian Sea for 1st Time in 7 Years

Iran Resumes Oil Swap Operations in Caspian Sea for 1st Time in 7 Years

Iran has resumed oil swap operations in the Caspian Sea in a bid strengthen the country’s strategic position in the region, local Mehr news agency reported Monday. An oil tanker arrived to Neka terminal earlier in the month to discharge oil for swapping purposes for the first time in seven years, the Iranian Petroleum Ministry was cited as saying by Mehr.

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