Iran Says Contracts With Russia Could Reach $10Bln

MosNews:

The chairman of the Iranian parliament’s (Majlis) Energy Committee, Kamal Daneshyar, has said industrial contracts between Iran and Russia could reach $10 billion per year if Moscow participates in various oil projects and more construction of nuclear power plants in Iran, the Tehran Times daily reports.

In a meeting with Yuri Savelyey, head of the Iran-Russia parliamentary friendship group, Daneshyar noted that the ground is currently set for the expansion of all-out ties between the two countries. READ MORE

“Iran and Russia, as two important energy abundant countries, have great potential for further cooperation and can benefit from the oil and gas markets through encouraging joint ventures between Iranian and Russian oil and gas companies,” he stressed.

Welcoming Russia’s proposal to expand technological cooperation with Iran particularly in the field of oil extraction and plans to optimize oil exploitation systems, Daneshyar added that the parliament supports efforts to deepen scientific, technical and commercial ties between the two countries.

Savelyey, for his part, described scientific and industrial ties as very important, stressing that the countries’ parliaments should make efforts to improve the level of ties and make joint projects feasible.