CNPC, Iran to build pipeline for central Asia-Mideast crude swaps

China National Petroleum Corp. and an Iranian oil delegation were expected to start negotiations late last month on the joint financing and construction of a crude pipeline in Iran. The crude for the pipeline will come from oil swap deals with other Caspian countries, such as Kazakhstan. Iran expects the pipeline will help it develop a system to swap crude between central Asian countries and the Middle East.Iran is looking for capital and construction services to help build the crude oil pipeline from the port of Neka on the Caspian coastline to refineries in northern Iran.CNPC's major interest in the pipeline is to provide construction services, but it didn't rule out the possibi...

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