Iranian Minister of Petroleum who is the head of Iranian side of the Iran-Russia Economic Cooperation Joint Commission made the remarks on Friday, outlining the result of his talks with his Russian counterpart in the Commission, Alexandr Novak, Deputy Prime Minister of Russian Federation, and Sergei Tsivilev Minister of Energy of the Russian Federation who takes Nivak’s place as the Russian head of the Commission next week.   

Owji said currently 7 Iranian oil fields are being developed with the investment of Russian companies, adding 220 thousand barrels a day of Iran’s oil production come from those fields in which Russian companies have invested.

“We held talks about the Russian companies’ investments in new Iranian oil fields as well”, the Minister of Petroleum said.

Owji continued: exports of oil and petrochemical products as well as technology transfer were the other issues the two sides talked about.

According to him, Iranian experts provide Russian companies needs in the upstream and downstream sectors of the oil industry and reciprocally part of Iranian oil and gas industry needs are being met by Russian companies; the issues that two sides held talks about them in Moscow and managed to reach good deals.