Tehran, Moscow to Sign Cooperation Roadmap

Date: 30 October 2022 - 20:37

News ID: ۱۰۸۴۰۹

TEHRAN -- The deputy of international affairs and trade of the Minister of Petroleum Ahmad Asadzadeh has said that the cooperation roadmap between Iran and Russia would be signed at the meeting of the 16th joint economic commission of the two countries.
Asadzadeh stated that more than 10 working groups will be formed in this round of the meeting of the Joint Economic Commission of Iran and Russia, adding: “All the institutions of the country are present in this meeting and are negotiating with the corresponding institutions of Russia.”
Iran’s oil minister will head to Russia on Monday for the 16th joint economic commission of the two countries, with the finalization of the 40-billion-dollar memorandum of understanding in oil and gas sector topping the agenda of the visit.
The visit comes on the heels of the meetings of different Iranian and Russian working groups including on energy, banking, transportation, trade and investment.
They have prepared draft cooperation documents for finalization during the meeting of the joint economic commission.
An issue on the agenda is the conclusion of the memorandum of understanding signed between the two sides in July for 40-billion-dollar worth of investment by Russian companies in several Iranian oil and natural gas projects.
Asadzadeh also stated about the importance of the recent round of the meeting of the Joint Economic Commission of Iran and Russia: “The importance of this round of the meeting is that it includes all dimensions of cooperation between Iran and Russia, from cultural cooperation to social cooperation, work, science and technology, and economy. Therefore, the community that exists in this round of the joint commission meeting has not been in other meetings.”
He pointed out the dimensions of the road map and added: “In the road map document, we are trying to include the important data-x-items of each project, such as specifying the officials of each project in each side, and setting time targets for that, and how long each plan should be completed. Finally, this event gives coherence to economic cooperation.”
The deputy of international affairs and commercial affairs of the minister of oil stated that during this period we defined several cooperations in the oil and gas sector with Russia and explained: Various projects were developed during this period; We defined a roadmap document for long-term cooperation in the oil and gas sector with Russia, which has two main appendices; One of these appendices, which fortunately was activated, is the appendice of the cooperation of Iran’s National Oil Company with Russia’s Gazprom. Another appendix is the cooperation between the two countries in the field of science and technology in oil and gas.
Asadzadeh clarified: We have proposed the road map document to the Russian side, which we hope will be finalized and signed in this joint commission. If this document is signed, coherence, integration and balance will prevail in the set of economic activities of the two countries and bilateral relations.