Co-chair of the Russia-Iran joint economic commission and Iranian Communications Minister Mahmoud Vaezi said that Tehran welcomes close cooperation with oil companies from Russia.





MOSCOW (Sputnik)�� Iran plans to�discuss new oil and gas contracts with�Russian companies in�the near�future, co-chair of�the Russia-Iran joint economic commission and Iranian Communications Minister Mahmoud Vaezi said Friday.

Earlier it was announced that Iran would prepare new oil investment contract for�the international oil and gas companies by�July 2016.

"The stages of�work [on the Iranian oil investment contract] are complete. In the near�future, we will talk to�the Russian counterparts� We welcome close cooperation with�oil companies from�Russia. Given the scale of�our relationship, establishing a working group on�energy could be very effective," Vaezi told reporters after�a meeting with�the Russian Energy Minister Alexander Novak, who also co-chairs the commission.

By Sputnik