TEHRAN –Russian Energy Minister Alexander Novak said on Tuesday that Russia is considering the purchase of up to five million tons (mt) of Iranian crude oil on an annual basis, IRNA reported.

Addressing the press, the official noted that for the time being Russia plans to imports a daily amount of 100,000 barrels per day (bpd) which will be about 5 million tons a year.

“The two sides are making efforts to reach an agreement in this regard and hopefully in near future we will see the results,” he said. 

EF/MA