UPDATE 1-Iraq and Iran sign Kirkuk oil swap deal
(WorldNews Iran)

Iraq has agreed to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi Oil Minister Jabar al-Luaibi said on Saturday. The agreement signed by the two countries provides for Iran to deliver to Iraq`s southern ports, on the Gulf, `oil of the same characteristics and in the same quantities` as those it would receive from Kirkuk, Luaibi said in a statement. ......