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Iran and Russia draw roadmap for energy cooperation

Russia and Iran are currently working to renew the long-term comprehensive cooperation agreement signed 20 years ago, as levels of relations between the two countries have gone up over the past decade

Iran and Russia draw roadmap for energy cooperation

Moscow, January 20 - Neftegaz.RU. Held on the sidelines of Iranian President Ebrahim Raisi’s visit to Russia, the meeting was attended by Iranian Oil Minister Javad Oji, Russian Energy Minister Nikolay Shulginov, Head of NIOC Mohsen Khojasteh-Mehr, and the managers of major Russian energy companies.

Oji who has recently become the chairman of the Iran-Russia Joint Economic Committee also met with Russian Deputy Prime Minister Alexander Novak.

In his meetings with Russian officials, the Iranian minister consulted on strengthening cooperation between Teheran and Moscow in the field of oil and energy, as well as forming joint ventures in energy infrastructure projects.

Strengthening Iran-Russia cooperation in the OPEC+ group with the aim of regulating the energy market, meeting mutual needs, regional cooperation in transferring Iranian gas to Pakistan and India with the participation of Russian companies, domestic manufacturing of oil equipment in Iran, as well as technology transfer and joint investment were also among the topics discussed at the mentioned meetings.

Speaking to the press after the mentioned talks, Oji said:
  • Iran-Russia oil cooperation is going to develop significantly
  • Good talks have also been held with the representatives of Russian companies and hopefully some deals will be signed in the near future.
  • Iran express readiness for swapping Russian gas to its neighboring countries
Iran has the 2nd-largest reserves of natural gas, which theoretically could have been supplied to Europe.
However, this is not happening due to the US imposed restrictions and the difficulty of transportation.

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