Iran to present new type of oil contracts for Russia in two months — minister

SOCHI, September 30. /TASS/. Iran will prepare a presentation of a new type of oil contracts for Russian producers in coming two months, Russian Energy Minister Alexander Novak said on Friday on the sidelines of Sochi 2016 International Investment Forum.

“We agreed [at the meeting with Iran’s Oil Minister Bijan Namdar Zanganeh – TASS] that the Iranian side will make the individual presentation for Russian companies,” Novak said.

Presentation time is still to be discussed but it is tentatively scheduled to October – November, the minister added.

Lukoil and Zarubezhneft are already reviewing the new type of contracts, Novak said.