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Monday, March 02, 2009

Russia, Iran pledge to cooperate in oil & gas sphere

russiairanRBC, 02.03.2009 – Tehran 19:20:22 – Russia's Energy Minister Sergei Shmatko and Iran's Petroleum Minister Qolam Hosein Nozari, as well as President of the Atomic Energy Organization of Iran Gholam Reza Aghazadeh discussed a number of Russia-Iran oil and gas projects in Tehran today. According to the press office of the Russian Energy Ministry, Russia suggested that Iran sell part of its oil output through the St. Petersburg commodity exchange. Shmatko stressed that seeking to diversify their trade infrastructure was a cutting-edge solution for oil exporting countries. Additionally, the parties discussed joint gas projects, stating they were ready to carry out the project both bilaterally, and involving third countries. The sides agreed that Russia and Iran had considerable potential to develop their oil and gas relations, and agreed to continuously monitor ongoing projects. The Russian-Iranian working group on energy is expected to meet in Tehran in the near term.

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