News ID: 278440
Published: 0226 GMT December 21, 2020

Envoy: Iran-Russia ties on right track

Envoy: Iran-Russia ties on right track

Iranian Ambassador to Russia Kazem Jalali said that Tehran-Moscow relations expanded over the past years despite unilateral sanctions imposed by the US on Ira

"The two countries have witnessed serious achievements in their relations," Jalali wrote on his Twitter account, reported Fars News Agency.

He pointed out that Iran's cooperation as one of the founders of the Organization of Petroleum Exporting Countries and the Russian Federation as one of the members of OPEC+ and one of the biggest producers of crude oil to strike balance to the global energy market is very important because the global energy turbulence market is still under the influence of waves from unilateralism, sanctions, and coronavirus outbreak.

Iran's Oil Minister Bijan Namdar Zanganeh arrived in Moscow on Sunday evening for talks with the Russian officials as the two oil and gas powers plan to deepen cooperation on the expectation that a new president in the United States would seek to ease pressure on Iran’s energy exports.

Iran and Russia are two major members of the OPEC and non-OPEC alliance of oil producers, a grouping known as OPEC+.

Coordination between the two countries is regarded a key to a stable flow of natural gas to the international markets.

Iran has been exempted from a series of supply cuts agreed among OPEC+ members in recent years. However, Russia, a leading non-OPEC oil exporter, views Iran as critical to future supply agreements because the country is expected to increase its exports once a new administration takes office in Washington in late January.

Iranian President Hassan Rouhani has reiterated in recent weeks that the country would pump at least 2.3 million barrels per day (mbd) of crude and condensates in the next Iranian calendar year beginning March 21, 2021.

The country’s current exports is believed to be around an average of 0.5 mbd, down from nearly three mbd recorded before the outgoing US government imposed its unilateral sanctions on Tehran in 2018.

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