Russian and Kazakhstan delegations are planned to visit Iran this week to study resuming crude oil swap, the Managing director of Iran Oil Terminals Company (IOTC) Seyyed Pirouz Mousavi stated on August 19, 2016.
The delegation will visit the facilities of Neka oil terminal in Iran's northern Mazandaran province, Mousavi said.
Earlier, the director of Iran's North Oil Terminal, Hamid Reza Shahdoust, said that Iran is preparing to soon resume crude oil swap with Caspian states.
He added the country plans to increase the swap capacity with Caspian states from the current level of 120,000 barrels per day (bpd) to 1.5 million bpd.
The Caspian Sea plays an important role in the transport corridors, along with being an important part of the international and regional projects.
However, determining the legal status of the Caspian Sea has become one of the problematic issues among the 5 littoral states - Azerbaijan, Russia, Iran, Kazakhstan and Turkmenistan since demise of the Soviet Union.
