Russia says no oil-for-goods deal yet with Iran

MOSCOW Fri May 16, 2014 6:43am EDT

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MOSCOW May 16 (Reuters) - Russian Energy Minister Alexander Novak said on Friday that talks with Iranian Oil Minister Bijan Zanganeh in Moscow on Thursday had not produced a final agreement on a potential oil-for-goods deal between the countries.

"We did not reach a final agreement," Novak told reporters, adding that he hoped a deal could be agreed in time for an inter-governmental meeting in the autumn.

Reuters reported in April that Iran and Russia had made progress on a barter deal that could be worth up to $20 billion under which Moscow would provide Russian equipment and goods in exchange for Iranian oil. (Reprting by Katya Golubkova, Writing by Steve Gutterman, Editing by Timothy Heritage)