1.   Chevron stressed that an oil swap would only be a temporary measure.

2.   For nearly a year the oil swap with Iran has been the subject of a previously reported investigation by a federal grand jury in the District of Columbia.

3.   He and many other observers think that talk of an oil swap with that Moslem country is largely a negotiating ploy designed to make the Caspian Pipeline Consortium nervous.

4.   Oil swaps by U.S. oil companies, such as swapping Tengiz production for Iranian oil exports, are allowed under a U.S. trade embargo imposed against Iran last year.

5.   Oil swaps by U.S. oil companies, such as swapping Tengiz production for Iranian oil exports, are allowed under the U.S. trade embargo against Iran.

6.   Oil swaps involve trading quantities of crude oil in different locations to lower transportation costs.

7.   Taking swaps of refined product, such as gasoline, for its crude is possible, and Tengizchevroil has had discussions with Iran about an oil swap.

8.   The Brazilian government authorized Petrobras to seek out oil swaps late last year, since oil accounts for such a large part of all Brazilian imports.

9.   But an oil swap with Iran would require an exemption from Clinton administration rules forbidding U.S. companies from buying Iranian crude.