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Moscow, Tehran in talks over oil & gas contracts

Business Materials 10 November 2016 16:20 (UTC +04:00)
Moscow and Tehran are in talks over a potential exclusive presentation of Iran’s oil and gas contracts to Russian companies, Russia’s Deputy Energy Minister Kirill Molodtsov said, TASS reported.
Moscow, Tehran in talks over oil & gas contracts

Moscow and Tehran are in talks over a potential exclusive presentation of Iran’s oil and gas contracts to Russian companies, Russia’s Deputy Energy Minister Kirill Molodtsov said, TASS reported.

Molodtsov added that the sides have reached this agreement and currently the place and date are being discussed.

“We expect the agreements reached by heads of two ministries – of energy [of the Russian Federation] and Iran’s Petroleum Ministry – about a potential exclusive presentation of the current conditions and contracts, under which the Islamic Republic of Iran is planning to attract foreign companies and foreign investments in the projects on its soil, to be presented to Russian companies,” he said.

“Respective notes and respective documents have been sent and we are expecting a response from the Iranian side about the date and location,” Molodtsov added.

Amir Hossein Zamaninia, Iranian deputy oil minister, has, in turn, said that Lukoil, Gazprom, Rosneft, Gazprom Neft, Zarubezhneft and Tatneft have made preliminary agreements with Iranian companies.

Iran intends to sign first contracts with Russian oil producers by the end of 2016, Zamaninia said earlier.

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