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Russian minister says companies are discussing terms for Iran oil deal

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MOSCOW - Russian Energy Minister Alexander Novak said on Wednesday companies were discussing terms for a barter deal with Iran and that no oil deliveries to Russia were planned.

 

Novak told reporters: "There are negotiations between companies, they are working on the terms. We do not foresee oil deliveries."

 

Russia announced earlier this week that a long-discussed oil-for-assets deal with Tehran was already being implemented and that Russia was sending grain, equipment and construction materials to Iran.

 

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