Mar 3, 2024, 7:46 AM

Iran, Russia discuss developing oil, gas fields

Iran, Russia discuss developing oil, gas fields

TEHRAN, Mar. 03 (MNA) – In a meeting between the Iranian oil minister and Russian energy minister, the two sides agreed to sign new contracts on developing oil and gas fields.

On the sidelines of the GECF Summit in Algeria on Saturday, Iranian Oil Minister Javad Owji met and held talks with Nikolay Shulginov, the Minister of Energy of the Russian Federation.

During the meeting, the two sides conferred on the creation of a gas hub in the Eurasian region in the SCO framework, the development of oil and gas fields, as well as the implementation of existing contracts.

Favorable negotiations were also held regarding the signing of new contracts for the development of oil and gas by the two countries.

Owji and Shulginov also discussed the process of the implementation of the agreements reached over the connection of the power grids between Iran and Russia.

The GECF summit is an annual event that brings together heads of state and government from member countries. It provides a platform for leaders to discuss issues related to the global gas industry, including market trends, challenges, and opportunities. Iran is set to host the GECF summit in 2027.


News ID 212563


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