NIGC, Gazprom sign cooperation deal

TEHRAN, Nov. 17 (MNA) – National Iranian Gas Company (NIGC) and Russian Gazprom have signed cooperation agreement, an NIOC official said.

Hamid Reza Araqi, Deputy Oil Minister, told Mehr News on Sunday that the cooperation agreement would extend Iran-Russia joint projects in gas, training and international activities to new levels.

“A joint workgroup consisting of NIGC and Gazprom members to coordinate joint ventures in Iran and Russia as well,” said the official, “the workgroup also will supervise the ways to implement the agreements.”

Araqi also said that the agreement however had not predicted any orchestrated attempt by Iran and Russia to ‘shape the gas global market,’ and that “the agreement would address and implement only training and implementing projects.”

“Iran has great technical and engineering capabilities in CNG (compressed natural gas); and would export technical services to Russia as well,” said the official, claiming that Russian gas industry had undergone little progress in technical grounds compared to Iran.

Araqi pointed to joint plan to restore natural gas; “we predict that many facets of Iran and Russia gas cooperation would only realize when the final draft of agreement is signed by two sides,” he asserted.

By Mehr News Agency

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