Iran to discuss new oil, gas contracts with Russian partners soon

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