Iranian Oil Minister Bijan Namdar Zanganeh said the National Iranian Oil Company (NIOC) has begun close cooperation with Russian firms in oil recycling.
“Various Russian oil companies have started their cooperation with the NIOC at a very good level for the development of oil fields and oil recycling,” Zanganeh said at a meeting with Russian Energy Minister Alexander Novak on Tuesday.
He added that the cooperation with Lukoil, one of Russia’s largest oil companies, is one the joint projects on the oil recycling.
The oil minister further emphasized that Iran and Russia have for many years cooperated in the oil industry, adding that recently the two countries have also cooperated in strategic fields like oil market regulation.
(Source: Tasnim, under Creative Commons licence)