TEHRAN (Iran News) –Tehran and Moscow have made progress regarding the participation of Russian companies in new oil and gas projects in Iran, Russian Deputy Prime Minister Alexander Novak said during talks with Iranian Oil Minister Javad Owji.
“We are implementing projects to develop oil fields in Iran and have outlined new projects, where I expect progress soon,” he said.
The Iranian minister, in turn, said the Russian and Iranian delegations had spent several hours at the negotiating table. Among other participants was Deputy Chairman of Gazprom Management Committee Vitaly Markelov.
According to Owji, the delegations discussed issues related to oil and gas.
“I am pleased to announce that major Russian companies have already arrived in Iran, came to terms with Iranian companies, and contracts are already being fulfilled,” he said, expressing hope that more contracts will follow in the future.
The sides also discussed the construction of nuclear power plants in Iran and other electrical power generation matters, Owji added.
The two countries’ delegations exchanged views on bilateral cooperation in the oil, gas, petrochemical, electricity, and nuclear energy fields.
Their discussions also revolved around following up previous memorandums of understanding and overcoming obstacles in the path of implementing the MoUs.
The Russian side was scheduled to complete studies on Iran’s oil fields soon and offer its assessment.
Iran and Russia’s gas experts explored all avenues and agreed to hold more talks on their cooperation.
According to the Iranian officials, Tehran and Moscow will sign deals later.
The delegations also talked about previous projects in the electricity sector.
According to an agreement, Russia has allocated a credit line for the construction of Sirik Power Plant in Iran.
It is a 1,400-megawatt gas-fired power plant in southern province of Hormuzgan.
The project of synchronizing Iran-Russia-Azerbaijan power grids was discussed.
Iran and Russia also exchanged views on financial issues of phases 2 and 3 of Iran’s nuclear power plant is southern province of Bushehr.
