Tehran, Iran, Sept. 10
By Milad Fashtami - Trend:
Russian Energy Minister Alexander Novak said that Moscow is ready to carry out 70 billion euros worth of projects in Iran.
"Russia can help Iran construct new railroads," he said expressing his country's willingness to take part in electrification project of the railroads, Iran's TASNIM News Agency Reported on September 10.
"Investing in Iran's oil and gas sector is interesting for Russian companies," Novak said.
"Russia is willing to import necessary goods from Iran, while exporting goods that Tehran needs," the Russian minister added.
He went on to note that the two countries' presidents will hold a meeting to discuss issues of mutual interest in near future.
"Russia can export TOO204 aircraft to Iran," Novak noted.
"We have been informed that Iran plans to construct 20 new nuclear power plants," he said.
"We seek to open a new chapter in bilateral cooperation," he concluded.
Novak previously said that US-generated sanctions will not affect the two countries bilateral relations.
Novak's previous statements said that Moscow plans to do renovation operations in four Iranian power plants in cooperation with Iran Power Generation Transmission & Distribution Management Company (TAVANIR).
On August 5, Russia and Iran signed a Memorandum of Understanding for a period of five years, signaling a sharp intensification in economic cooperation between the two countries. The document lays the foundation for a comprehensive multi-billion dollar deal for trade in the oil sector between the two nations.
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