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IRNA - Islamic Republic News Agency

Agreement with Russia, biggest strategic investment in Iran oil history

IRNA - Islamic Republic News Agency

Jul 19, 2022

Tehran, IRNA -- The managing Director of the National Iranian Oil Company (NIOC) has termed the today agreement signed by Iran and Russia in Tehran as the biggest strategic investment in the history of Iran's oil industry.

Russia is now doing a four-billion-dollar deal in Iran's oil industry, Mohsen Khojasteh-Mehr said at the signing ceremony.

As NIOC chief stressed, the company will not miss any investment opportunity with Gazprom- world's biggest gas company in Russia- and other Russian companies.

Such seriousness [in cooperation] indicates the two sides determination to accelerate investment in oil and gas sectors, Khojasteh-Mehr noted.

Russia's President Vladimir Putin had already urged senior officials at Gazprom to travel to Iran in the shortest time and hold talks on investment in Iran's gas and oil projects.

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