Sun 22 Dec 2024 | 21 December 2024

Russias oil, gas companies willing to invest in Irans gas industry

A group comprised of Russian state-owned oil and gas companies in a meeting with Irans Deputy Minister of Oil in gas affairs expressed their willingness to invest in Irans gas industry.

According to the report of the public relations of the National Iranian Gas Company (NIGC), in the meeting, Iran"s Deputy Minister of Oil Majid Chegeni emphasized the development of cooperation between the two countries in various sections of the gas industry.

The Russian side also expressed interest in investing in Iranian gas industry projects and described swaps and the natural gas trade as priorities for Russian oil and gas companies.

According to the report, the details of the proposed cases are to be examined and negotiations will continue.

Earlier this month, the Oil Minister Javad Owji announced strong energy diplomacy as one of his most important programs, saying, "We are negotiating with various parties to increase gas exports and trade."

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