{"id":758,"date":"2022-07-19T15:55:03","date_gmt":"2022-07-19T15:55:03","guid":{"rendered":"http:\/\/roydadnaft.ir\/English\/?p=758"},"modified":"2022-07-19T15:55:06","modified_gmt":"2022-07-19T15:55:06","slug":"irans-nioc-russias-gazprom-sign-40bln-deal-for-energy-cooperation","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/758\/","title":{"rendered":"Iran’s NIOC, Russia’s Gazprom Sign $40bln Deal for Energy Cooperation"},"content":{"rendered":"
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The National Iranian Oil Company and Russian gas producer Gazprom inked on Tuesday a memorandum of understanding (MoU) worth around $40 billion.<\/p>\n\n\n\n

Iranian and Russian companies signed the biggest foreign investment agreement ever in Iran\u2019s economy in Tehran on Tuesday.<\/p>\n\n\n\n

Reputable Russian companies will make a 40-billion-dollar investment in the Iran\u2019s oil industry, according to the agreement.<\/p>\n\n\n\n

The deal was signed during an online ceremony by the CEOs of both companies on the day Russian President Vladimir Putin arrives in Tehran for a summit with his Iranian and Turkish counterparts, Seyed Ebrahim Rayeesi and Recep Tayyip Erdogan.<\/p>\n\n\n\n

Gazprom will help NIOC in the development of the Kish and North Pars gas fields and also six oil fields, according to SHANA. Gazprom will also be involved in the completion of liquefied natural gas (LNG) projects and construction of gas export pipelines.<\/p>\n\n\n\n

Russians have been implementing a four-billion-dollar investment project in Iran\u2019s oil industry, while the figure is planned to reach ten times more after Tuesday’s signing ceremony.<\/p>\n\n\n\n

Iran sits on the world\u2019s second-largest gas reserves after Russia.<\/p>\n\n\n\n

Tehran and Moscow enjoy common interests in economic, military, and security affairs and pursue common policies on regional and international developments especially when it comes to taking stances in the face of the United States\u2019 unilateral and interventionist strategies.<\/p>\n\n\n\n

On Monday, Kremlin Spokesman Dmitry Peskov said Moscow and Tehran will gradually abandon the practice of using US dollars to assess the scope of bilateral trade. He added Russia and Iran are reliable friends and partners.<\/p>\n\n\n\n

The official also said that\u00a0net trade between Russia and Iran\u00a0grew 31 percent just over the last few months, adding that the trend is positive.<\/p>\n\n\n\n

Tehran and Moscow have grown exchane of visits by officials to speed up expansion of relations in recent months.<\/p>\n\n\n\n

Last Month, Russian Foreign Minister Sergei Lavrov visited Iran for talks on boosting trade and energy cooperation.<\/p>\n\n\n\n

In late May, Iranian and Russian officials in a meeting in Tehran inked 3 important Memoranda of Understanding (MoU) to further develop the two countries’ energy and banking ties. The MoUs were endorsed in a meeting attended by Iranian Oil Minister Javad Owji and Novak.<\/p>\n\n\n\n

Iranian Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has also stated Tehran wants long-lasting relations with Moscow, adding that the two countries\u2019 ties are not affected by regional and international developments.<\/p>\n\n\n\n

Back in January, President Rayeesi visited Moscow and held a meeting with President Putin. Rayeesi stated he had presented Putin with draft documents on strategic cooperation that would cement collaboration between the two sides for the next two decades.
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