Session of Iran-Russia Joint Economic Commission:New Economic Development Era, Increased Trade

Session of Iran-Russia Joint Economic Commission:New Economic Development Era, Increased Trade
In the new session of the Iran-Russian Joint Economic Commission, attended by the Ministers of both parties and representatives of Russian companies, it was decided that the trade volume of the commercial goods of Iran and Russia should increase considerably.

According to ICT’s Public Relation, the meeting of the Iran-Russian Joint Economic Commission was held today attended by Iranian and Russian delegations. A number of Russian Oil companies were also accompanying Alexander Novak, the Energy Minister of the Russian Federation, in this meeting where it was agreed that more than 4 billion dollars’ worth of contracts should be finalized and drafted.

Iran’s oil participation with certain Russian companies in the Caspian Sea’s oil and gas fields’ development project was also discussed; The Iranian delegation headed by Dr. Vaezi also expressed their willingness to negotiate with all foreign oil companies including Russian enterprises for participating and cooperating in oil and gas projects.

Previously, the Russian ‘Zarubezhneft’ oil company had presented a proposal for participating with Iran National Oil Company in developing some of the oil and gas fields of the Caspian Sea.

Additionally, almost two years ago, this Russian company had come forward with yet another proposal for the Iran National Oil Company, asking for the development of the then just discovered Khayam gas field. In spite of this, there is still no agreement made on the method of developing this gas field, and it is projected that the representative office of Zarubezhneft Co. will soon be officially inaugurated in Tehran.

According to Dr. Vaezi, the ICT Minister, the Russian delegation headed by Alexander Novak is going to have meetings with other members of the Iranian Cabinet to open up a new era of economic relations between two countries.

It should be mentioned that the managers and directors of 8 major Russian oil and gas companies are accompanying the Energy Minister on his visit to Tehran to conduct meetings with their Iranian counterparts: Gazprom, Zarubezhgeologia, Rosneft, Gazprom Neft, Surgutneftegas, Bashneft, Rusneftegaz, and Rosgeologia.

Nov 8, 2015 15:55


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