Middle East
Publisher: The Motely Fool
22 Aug 2014
What’s Really Behind Russia’s Massive Oil Deal With Iran?
The outline of the deal, which is all that's available, suggests it is a five-year agreement worth up to $20 billion. Russia will provide goods and services to Iran, including food and oil industry expertise. Iran, meanwhile, will get an outlet for its oil. And a big one! Russia appears willing to buy up to half of Iran's oil exports, or roughly a fifth of its total output.