28 Mar 2024
Wednesday 26 October 2016 - 10:04
Story Code : 236476

Iran offers Rosneft to take part in oil extraction, refining projects

Russia's Rosneft energy company may participate in oil extraction in Iran, the Islamic Republic's ambassador told Sputnik.

MOSCOW (Sputnik) Iran offers Russias energy company Rosneft toparticipate inoil extraction and refining projects inthe country, Iranian Ambassador toRussia Mehdi Sanaei told Sputnik Tuesday. "Rosneft is cooperating directly withthe Petroleum Ministry and the headquarters [for Executing the Order ofthe Imam (Setad)] The headquarters has various projects, and Rosneft may invest and participate inthem," Sanaei said, specifying that these projects include both oil extraction and its processing.

Rosneft and that economic structure have achieved good understanding, the ambassador noted, adding that the talks onvarious proposals are ongoing.

Tehran and Moscow are engaged inactive and productive consultations onthe steps tocurb oil production tostabilize global oil market, the Iranian ambassador told Sputnik. "Consultations betweenIran and Russia onthis issue are ongoing, they are productive. The [Iranian and Russian] ministers, asI've already mentioned, met inAlgeria, they are inconstant contact. I think that the cooperation betweenIran and Russia inthis respect is very important," Sanaei said.

By Sputnik
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