Iran’s Oil Minister Javad Owji and Nikolai Shulginov Russia’s energy minister agreed on signing new contracts to develop oil and gas fields, reported the News Agency of Iran Oil Ministry.
They exchanged views on the implementation of oil and gas contracts the two countries signed before on the sidelines of the 7th Gas Exporting Countries Forum (GECF) Summit of Heads of State and Government in the Algerian capital Algiers.
Representatives of some Russian companies, including Gazprom and Zarubezhneft, also attended the meeting, during which establishment of a gas hub within the framework of the Shanghai Cooperation Organization (SCO) in the Eurasian region, gas trade between Iran and Russia and also other countries in the region, construction of infrastructure needed for brisk trade, and connection of electricity grids of Iran and Russia were also discussed.