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Iran and Belarus reach agreement on oil-for-industrial equipment

Iran and Belarus reach agreement on oil-for-industrial equipment

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According to the Iranian Mehr news agency (Mehr), the Iranian ambassador to Belarus, Mustafa Ovejhi, said that Tehran and Minsk had reached a barter transaction and agreed to exchange oil for industrial equipment.
 
Ove Ishi met with the leaders of the Islamic Revolutionary Foundation Mostazafan and said: "Tehran and Minsk agreed to exchange industrial equipment for petroleum products."
 
The details of the agreement have not been reported.
 
Ovejhi said at the end of May this year that the country hopes to continue to cooperate with Belarus on oil supply. The ambassador pointed out that two batches of Iranian oil (600,000 barrels and 800,000 barrels respectively) were supplied to Belarus last year. In his words, the transaction is beneficial to both sides. Ovejhi also said that negotiations on this year's transaction are currently underway and he hopes to continue to cooperate with Iran.
 
Belarusian President Alexander Lukashenko had previously instructed officials to seek alternative sources of oil imports in the context of oil and gas disputes with Russia. At the same time, in April last year, Moscow and Minsk signed relevant documents to mediate differences. The two sides agreed to resume oil supply, and Russia will supply 24 million tons of oil to White every year.

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