Iran prepares to ink oil deal with Iraq
Tehran set to purchase 150,000 bpd from Basra in exchange for refined products
By Nora Salim
Special to The Daily Star
Tuesday, July 19, 2005
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Iran is poised to sign an agreement to swap Iraqi crude for desperately needed refined products, Oil Minister Bijan Namdar Zanganeh said Monday as Iraqi Prime Minister Ibrahim Jaafari wrapped up a landmark visit. To further economic ties with its neighbor, Iran plans to fund three pipelines across Iraq's southern border.
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