Iraq and Iran signed contract on exports of the Iraqi oil from Kirkuk field.

Iraq will swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil, Iraqi oil minister said.

Jabar al-Luaibi said between 30,000 and 60,000 bpd of Kirkuk crude will be delivered by tanker trucks to the border area of Kermanshah, where Iran has a refinery, Reuters reported.