Iran, Russia ink deal in energy sector

Wed 13 February 2013 12:37 GMT | 16:37 Local Time

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Iran, Russia agree to increase cooperation in energy sector.

Iran’s Foreign Minister Ali Akbar Salehi and Russia’s Energy Minister Alexander Novak have signed a deal for more cooperation between their countries in the energy sector.

The agreement was signed after the 10th Russian-Iranian joint economic commission in the Russian capital, Moscow, on Tuesday.

The deal includes cooperation in the fields of energy, oil, gas, petrochemical industry, electricity, water and renewable energy resources.

“Today’s session was a new page in our relations with Russia. It was a breakthrough. We have important ties in many fields including industry, politics, economy, trade, tourism, space and many others,” Salehi said after the signing of the agreement.

He added that Tehran and Moscow were willing to further develop bilateral relations.

The Russian energy minister, for his part, said Moscow was also interested in strengthening ties with Tehran.

As part of the agreement, the two countries agreed that Russia would supply equipment to Iran to enable joint oil and gas projects.

Salehi stated that Russian companies would get a chance to develop oil and gas fields in Iran.

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