News ID: 319545
Published: 0207 GMT January 21, 2022

Iran awards petroleum contracts to Russian firms: Report

Iran awards petroleum contracts to Russian firms: Report

Iran has awarded contracts to Russian companies for involvement in development work in its oil and gas fields, said a report by Tasnim News Agency.

The Thursday report said that Oil Minister Javad Owji finalized several contracts with Russian companies during his trip to Moscow.

The report said the contracts will allow Russian firms to engage in Iranian oil and gas projects through offering investment or technology, or to have contractors involved in the projects, Press TV reported.

It said that CEO of the National Iranian Oil Company (NIOC) Mohsen Khojasteh Mehr was in Moscow for final talks on the contracts several days before Owji traveled to Russia to award the deals.

However, Tasnim’s report said that Owji signed other agreements in Russia which need to be finalized between the two countries before they go into effect.

The deals came as Iranian President Seyyed Ebrahim Raeisi was in Russia on Wednesday to hold high-level talks with his Russian counterpart Vladimir Putin.

Raeisi’s government has indicated that since taking office in August 2021, it is intent on expanding energy ties with Iran’s neighbors, especially with Russia, as a global petroleum powerhouse.

Owji himself posted a tweet on Thursday, saying that he had held “numerous intensive meetings” with senior officials in Russia, adding that the two sides had signed “important documents” while adopting major decisions for their future cooperation.

Owji later told the state TV that Iran has reached agreements with a number of Russian companies on their participation in the development of oil and gas fields as well as in the construction of oil refineries in Iran.

However, the minister did not elaborate on whether contracts have been awarded allowing Russian companies to immediately start work on Iranian projects.



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