New cooperation map between Tehran and Moscow: Gas contract, joint field, and nuclear power

According to Energy Press, the closing ceremony of the 19th Iran-Russia Joint Commission for Economic Cooperation was held in Tehran on February 19, and during this event, the oil and energy ministers of Iran and Russia held meetings and negotiations.

Although 4 mostly non-oil-related memorandums of understanding were signed at the closing ceremony of the 19th session of this event, 3 important events took place during it. The first was the completion of negotiations between the two countries for the export of Russian gas to Iran from the territory of a third country, with the two sides reaching an agreement on all aspects of the contract, the construction of the required pipelines, the delivery point and its technical dimensions, leaving only the issue of the price and the method of payment for future negotiations.

Tasnim’s studies show that the volume of this gas import, if all the necessary infrastructure is built, can eliminate up to half of the existing gas imbalance in the country.

The second event was a new agreement between the two countries for the participation of the Russians in the development of a large joint field in Iran. The Oil Minister postponed any further information on this matter, but announced an agreement with the Russians for their participation in the development of a large joint field in Iran.