April 17, 2018 / 5:00 PM / in 6 days

Russia's Novak says Russia and Iran may extend bilateral oil deal for five years: TASS

MOSCOW (Reuters) - Russia’s Energy Minister Alexander Novak said on Tuesday that Russia and Iran could extend a bilateral deal on oil supplies for five years when it runs out at the end of the year, the TASS news agency reported.

FILE PHOTO: Russian Energy Minister Alexander Novak attends the Gas Exporting Countries Forum Summit in Santa Cruz, Bolivia November 23, 2017. REUTERS/David Mercado/File Photo

“It has been extended for the year, but in general, we think it should be extended for five years,” Novak was quoted by RIA news agency as saying.

Reporting by Gabrielle Tétrault-Farber; Editing by Adrian Croft

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