Yemen, Iran to cooperate on oil-for-food deal

Yemen, Iran to cooperate on oil-for-food deal

Iran is in talks with Yemen to begin a “new phase” of the Iran-Yemen oil-to-food cooperation, a senior official in Tehran said on Wednesday, according to state media.

The official, who asked not to be identified because the talks are private, said Iran is looking at the possibilities of the agreement, which will involve both Iran and Yemen.

The officials said Tehran and Sanaa are currently discussing oil-transfer and energy cooperation.

They also said that Yemen has offered to facilitate the construction of a pipeline to deliver Iranian crude to Iran.

Iran and the US have been in negotiations on the issue for some time.

Yemeni Foreign Minister Ahmed Abdelaziz al-Zoubi said in February that Tehran and the Yemeni government had reached a “consensus” on a deal to supply Tehran with oil and gas from Iran’s Al Qassim field in Yemen.

In January, the Houthi-run Yemeni state news agency said Tehran was ready to supply Yemen with 20 billion cubic meters of oil a year by the end of the year.

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