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

MOSCOW (Sputnik) – Iran offers Russia’s energy company Rosneft to participate in oil extraction and refining projects in the country, Iranian Ambassador to Russia Mehdi Sanaei told Sputnik Tuesday. "Rosneft is cooperating directly with the Petroleum Ministry and the headquarters [for Executing the Order of the Imam (Setad)]… The headquarters has various projects, and Rosneft may invest and participate in them," 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 on various proposals are ongoing.

Tehran and Moscow are engaged in active and productive consultations on the steps to curb oil production to stabilize global oil market, the Iranian ambassador told Sputnik. "Consultations between Iran and Russia on this issue are ongoing, they are productive. The [Iranian and Russian] ministers, as I've already mentioned, met in Algeria, they are in constant contact. I think that the cooperation between Iran and Russia in this respect is very important," Sanaei said.

By Sputnik