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Iran Press TV

Iran, Russia sign new economic cooperation deals

Iran Press TV

Tuesday, 01 November 2022 5:49 PM

Iran and Russia have signed four new cooperation agreements as part of efforts to deepen energy and economic ties between the two countries.

A Tuesday report by Iranian Oil Ministry's news service Shana said that Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak had signed a major document in Moscow that will expedite preparations for signing a long-term strategic partnership deal between the two countries.

Novak and Owji are co-chairs of the Russian-Iranian intergovernmental commission. The agreement signed between the two senior officials came during a 16th round of talks between the two countries under the commission initiative.

The report by Shana said Iranian and Russian officials had finalized three other agreements during meetings in Moscow on Tuesday, including a memorandum of understanding (MoU) on a Russian loan to Iran for electrification of a key rail link in northern Iran.

The two countries also signed a MoU to expand cooperation in the field of health while another document was finalized to allow the construction of a pipeline for transfer of oil products between Iran and Russia, said the report.

Both Owji and Novak hailed growing ties between Iran and Russia as a sign the two countries are determined to bring their relations to the level of a strategic partnership.

"This is the golden era of bilateral relations between Iran and Russia," Owji was quoted as saying by Shana.

Novak told reporters after meeting Owji that Iran and Russia will continue to expand their ties in the fields of energy, manufacturing and trade.

He said the two countries have been working on technical details of a major gas swap agreement that could be signed by the end of this year, according to reports published in the Russian media.

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