(PEDEC) said that the memorandum of understanding on investment
signed between Iran and Russia was an example of a win-win deal,
Trend reports
citing IRNA.
The implementation of the MoU could pave the way for positive
developments in Iran’s oil and gas industry, Abouzar Sharifi told
IRNA on Sunday.
Iran’s oil and gas industry is in need of investment and
advanced technology and Russia needs completion of the
International North-South Transport Corridor (INSTC) to swap its
oil products, Sharifi said, expressing hope that the MoU could meet
the demands.
In addition to the investment in development of oil and gas
fields, as said by the CEO, the MoU could benefit Iran in
transporting oil, gas and oil products from the Caspian Sea
littoral states to the Sea of Oman.
National Iranian Oil Company (NIOC) and Russia’s Gazprom signed
an MoU on investment in Iran’s oil and gas this week, as Russian
President Vladimir Putin paid a visit to Tehran.
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