Iran and Iraq have agreed for Iran to import 200,000 barrels of crude oil per day from Iraq and in exchange export 1.5 million tons of kerosene and 500,000 tons of gasoil to Iraq, the Moj News Agency reports Sunday, citing Iran's National Oil Refining and Distribution Co. chief.
To implement the agreement, Iran will build an oil terminal in the southern city of Abadan, in Iran's Khuzestan province, Noureddin Shahnazizadeh said, reports Moj.