Russia to invest in Iran's gas industry

Photo: Russia to invest in Iran's gas industry / Oil&Gas

Baku, Azerbaijan, July 8
By Temkin Jafarov - Trend:

The National Iranian Gas Company has signed agreement with two Russian companies on the implementation of the projects in Iran's gas infrastructure and investment in this field.

The officials of the Russian companies will pay a visit to Iran to become familar with the project in the near future, Iranian Deputy Oil Minister Hamidreza Araqi said, according to the Shana agency.

The agreements have been reached with the two largest gas companies of Russia within the last "World Petroleum" conference which was held in Moscow, Araqi said.
"Both sides are interested in cooperation in major projects in Iran," the deputy minister said.

He did not name the Russian companies and did not disclose the details of the agreement.

Note that Iran`s Oil Minister Bijan Namdar Zanganeh gave instructions to change the terms of the agreement on Iran's oil to increase foreign investment in the oil and gas sector last year. At the moment, the special commission is reviewing terms of the agreement and proposes to change some of them to increase investment in oil and gas sector of the country by foreign countries.

Edited by CN

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