Iran to Cooperate with Gazprom to Improve Bilateral Relations with Russia

By Bizclik Editor

Iran is seeking to enhance its bilateral relations with energy giant Russia after outlining a possible establishment of a joint working group with natural gas company Gazprom. 

The two parties would work together at the working group level on issues such as equipment supply, technology transfers and financing of various oil and gas projects.

The Iranian Deputy Petroleum Minister, Hamid Reza Araqi, also runs the National Iranian Gas Co. (NIGC), and is spearheading the proposed cooperation with Russia’s most significant energy company and largest gas extractor in the world.

He confirmed that NIGC and Gazprom have discussed ways of moving forward and extending their footprint in the global market.

A partnership is already up and running, demonstrated by a number of joint enterprises in the energy field last year. The two companies cooperate in the nuclear sector, with Gazprom supplying nuclear fuel for the Iranian reactor at Bushehr.

Washington has expressed concern over bilateral cooperation between Iran and Russia. Iran is under pressure for its nuclear program which is interpreted as aggressive by politicians in the Western sphere.

Russia is at odds with Western powers because of its stance on Ukraine and Syria, exacerbated by the shock gunning down of Malaysian Airlines flight MH17 over Ukrainian rebel airspace. 

Share

Featured Articles

Abu Dhabi Airports prepares for Terminal A opening

A decade in the making, Abu Dhabi International Airport welcomes 6,000 volunteers to test operational readiness of stunning new Terminal A building

Business Chief expands portfolio with new look and coverage

Business Chief Middle East & Africa launches with fresh new look and extended coverage of the region, with exclusive executive interviews and insights

How Octopus Energy grew to become an industry giant

Octopus Energy continues to grow after a deal was agreed to acquire Shell Energy in the UK and Germany, taking its customer base to almost seven million

Perkbox CEO: How to support employees through tough times

Human Capital

How Middle East is embracing the future of digital finance

Corporate Finance

UAE Lulu Group shifts business for global growth and IPO

Corporate Finance