The newly signed deal is part of a $40 billion Memorandum of Understanding (MoU) signed between the two countries.
Safari hopes to move the rest of the MoU into a contract within a month as well, adding that negotiations in this regard are ongoing.
He points out that a gas swap agreement between Iran and Russia has also been finalized, and the only question that remains pending is choosing an intermediary country to send Russian gas to Iran. said.
The minister said Iran’s plan is to import Russian gas and export Iranian gas to foreign markets, giving his country a boost by reducing the cost of transporting Iranian gas from the southern regions to the north. said to be profitable.
The joint project will also help increase political solidarity between Iran, Russia and intermediary countries such as Turkmenistan and Azerbaijan, contributing to political stability, security and peace in the region, Safari added.
He said that in the coming days the two countries would also agree on details of a contract to exchange oil and petroleum products.
Safari said the two countries’ focus in the oil swap negotiations is on a target of 10 million tonnes per annum.
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