29 Mar 2024
Wednesday 9 July 2014 - 14:41
Story Code : 105716

Russians to invest in Iran's gas industry

Russians to invest in Iran
TEHRAN (FNA)- Iranian Deputy Oil Minister Hamid Reza Araqi said the country has signed a Memorandum of Minutes (MOM) with Russia on investment in gas plans and implementation of infrastructural projects, adding that a delegation of Russian officials would travel to Iran to visit the projects.
Iran has held talks with two giant Russian gas companies on investment and accomplishment of gas infrastructural projects, Araqi said, adding, "Based on this, a MOM was signed with two Russian companies for accomplishment of gas transfer lines," the oil ministry's website reported.

Araqi has already visited Moscow for the World Petroleum Congress, where Iran and Russia discussed ways for the further gas cooperation.

He said the two sides are resolved to expand ties as the world's large gas countries.

By Fars News Agency

 

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