Russia and Iran negotiating oil, gas swap deals: Novak
Russia and Iran continue to negotiate oil and gas swap agreements, the Russian deputy prime minister announced.
“The issue is at the discussion stage as it is largely tied not only with the country with which swap is made, but also the logistics, transportation and other issues. As we know there is a memorandum of understanding inked between Russia’s Gazprom and the National Iranian Oil Company,” Alexander Novak told reporters.
Russian firms are still interested in participating in oil and gas projects in Iran, with the issue being developed and the conditions being analyzed, he added, according to TASS.
The parties also continue negotiating the potential creation of a joint electronic gas trading platform, Novak added.
Tehran and Moscow signed 19 cooperation documents during the closing ceremony of the 17th Joint Economic Commission between the Islamic Republic of Iran and the Russian Federation in Tehran.
The final document was signed by Iran’s Oil Minister Javad Owji and Alexander Novak, the commission cochairs, and 18 others were inked by other
officials.
Iran’s Deputy Oil Minister for Engineering, Research, and Technology Vahid-Reza Zeidifard and Russian Deputy Energy Minister Pavel Sorokin signed the document to cooperate in scientific and technical fields of the oil and gas industry.