17 May 2023 - 17:26
  • News ID: 472699
Iran, Russia sign 10 MoUs, agreements on oil cooperation

SHANA (Tehran) – Iran and Russia on Wednesday signed 10 documents, comprising six memorandums of ‎‎understanding (MoUs), two contracts, one agreement and a roadmap, on cooperation in oil industry. ‎

‎The documents were signed after a meeting between Iranian Oil Minister ‎Javad Owji and Russian Deputy ‎Prime Minister Alexander Novak, who are also the co-chairs of the ‎Permanent Russian-Iranian Commission ‎on Trade and Economic Cooperation, in the Iranian capital Tehran.‎

The documents pertain to cooperation in the fields of industry, technology transfer and oil ‎recovery ‎enhancement. ‎

One of the MoUs was signed between the Iranian Oil Ministry and International Institute of Energy Policy ‎‎and Diplomacy by Iranian Deputy Oil Minister for International Affairs and Trade Ahmad Asadzadeh ‎and ‎President of Russia’s International Fuel and Energy Development Academy Valery Salygin.‎

The two countries’ companies also signed MoUs on the transfer of technology for production of ‎‎compressors and creation of joint markets for them, implementation of the upstream projects ‎and ‎cooperation in the fields of developing operational technology for the required equipment, furnishing ‎‎production units with smart systems and improving educational operator systems. ‎

In addition, Iran’s Research Institute of Petroleum Industry (RIPI) signed two memorandums with Russia’s ‎Kazan Federal ‎University and a Russian company, with the former pertaining to enhancing oil recovery and ‎the latter related to‎ transferring upstream technologies.‎

A roadmap for scientific and technological cooperation was also inked between Iran’s Ministry ‎of ‎Petroleum and the Russian Energy Ministry. ‎

Also, the Islamic Republic of Iran Customs Administration and Russia’s Federal customs service inked an ‎‎Authorized Economic Operators (AEO) agreement. ‎

The two contracts, signed between Iranian and Russian firms, pertained to supply of steel wire ‎ropes and ‎establishment of a representative office.‎

News ID 472699


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