Mon 30 Dec 2024 | 30 December 2024

Iran-Russia Gas Deal to Strengthen Regional Energy Security

The Iranian Minister of Petroleum says that signing the Memorandum of Understanding (MoU) for gas transfer from Russia to Iran, a move that is set to strengthen the region’s energy security considerably.

Speaking in a televised news program, the Iranian Minister of Petroleum, Javad Owji highlighted the importance of the deal, stating that the deal marks the culmination of the energy diplomacy approach’s success with great achievements for both sides.

“With this agreement, Iran’s share of trade will rise causing changes in international balances. In other words, the agreement will act as a revolution in the energy and industry scene of the region,” he said.

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