TEHRAN - The of the National Iranian Oil Company (NIOC) Mohsen Khojastehmehr has announced the development of Iran’s oil and gas fields with the participation of Russian companies.
Khojastehmehr, said: “According to the agreements reached, the National Iranian Oil Company will develop Iran’s oil and gas fields jointly with Russian companies.”
He said that Iran and Russia are ranked first and second in the world in terms of oil and gas reserves, adding: “Russia has many capabilities in terms of developing oil and gas fields and providing the necessary equipment, and in this regard can enhance its cooperation with Iran in such fields as joint ventures, developing oil and gas fields and enhancing Iran’s output.”
The NIOC CEO noted the expansion of economic relations, especially in the field of energy, as one of the most important features of the President’s state visit to Russia.
Khojastehmehr, noting that Iran and Russia as two powerful countries in the region have geopolitical importance and potential economic capabilities, said: “Iran and Russia with these capacities are among the most influential countries in the world.”