Tag Archives | Russia

Caspian States start Neighbourhood Watch for the Environment

Caspian littoral states agree to start neighbourhood watch for the environment Littoral countries to the Caspian Sea have made a groundbreaking commitment to evaluate the likely impact that development projects will have on the environment in each other’s states. High-level representatives from Azerbaijan, Iran, Kazakhstan, the Russian Federation and Turkmenistan today signed the Environment Impact […]

Iran Joins Club of Gas Odorant Producers

Iran has joined France and Russia as the third producer of gas odorant, mercaptan, an official said. Mercaptan is used in the natural gas industry as an odorant, due to its ideal compatibility with methane. Its characteristic “rotten eggs” smell is widely known by natural gas customers as an indicator of a possible gas leak, […]

Iran, Russia Discuss Energy Cooperation

Iranian Oil Minister Bijan Zangeneh and Russian Energy Minister Alexander Novak held a meeting in Moscow on Monday and discussed energy cooperation between the two countries and through OPEC, Russia’s Energy Ministry said. The two ministers also discussed the possibility of Russian oil companies taking part in projects in Iran, the ministry said in a […]

Russia Prepares for $50bn Investment in Iran Energy

Russia is getting ready to invest US$50 billion in Iran’s oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible. “Russia is ready to invest $50bn in Iran’s oil and gas sectors,” […]

E3 Agrees to Replace Dollar in Iran Trade: Lavrov

Russia says the three European parties to the Iran nuclear deal have agreed to continue trade ties with Tehran without the US dollar. The European parties to the Joint Comprehensive Plan of Action –Britain, France and Germany- have agreed to maintain trade with Iran independent of the US dollar, Russia’s Foreign Minister Sergei Lavrov said. […]

Russia Begins Work to Electrify Railroad in Iran

Russian Railways has begun works on the electrification of a railway line in Iran, the head of Russian Railways company said. The project, worth $1.2 billion, will electrify a railroad connecting the city of Garmsar near Tehran with Incheboron near the border with Turkmenistan. The length of the Garmsar- Incheboron railway line is 495km. The […]

Gazprom “in Talks” to Develop Iranian Fields

A senior official with Gazprom said Russia’s gas giant is in talks with the National Iranian Oil Company (NIOC) to develop four gas fields in Iran. The company plans to expand its reserve base abroad and is stepping up talks on its participation in four Iranian fields, namely Kish, North Pars, Farzad A and B, […]

Iran, Eurasia Ink Preferential Trade Deal

Iran and members of the Eurasian Economic Union signed a temporary preferential trade agreement in Kazakhstan on Saturday. In a ceremony in the Kazakh capital of Astana, Iran and the Eurasian Economic Union (EEU) signed the accord and agreed to reach a comprehensive and lasting deal within the next three years. The document was signed by […]

Sukhoi to Sell SuperJets to Iran despite Sanctions

Russia’s Sukhoi Civil Aircraft said it would continue to cooperate with Iranian airlines within the framework of interim agreements on the delivery of SSJ100R passenger aircraft, despite the re-implosion of US sanctions against Iran. “The Sukhoi Civil Aircraft will continue to work with Iranian airlines under the preliminary agreements signed at the Eurasia Air Show […]

Iran, Russia Agree to Boost Railroad Cooperation

Iranian Minister of Economic Affairs and Finance Massoud Karbasian and the director general of the Russian Energy Agency (REA), Anatoly Tikhonov, agreed to enhance cooperation between the two sides in various projects, including the Garmsar-Inche Bouroun railroad. “RZD International representatives as a part of the Russian delegation headed by Anatoly Tikhonov, Director General of the […]

Iranian Airlines Buy 40 Sukhoi Passenger Jets

Two Iranian airlines have signed contracts with Russian aircraft manufacturer Sukhoi to purchase a total of 40 passenger planes. The Iranian companies, Aseman Airlines and Iran Air Tours, have signed the deals with Sukhoi on the sidelines of Eurasia Airshow 2018, which kicked off in Turkey’s Antalya on April 25. According to reports, Iran Air […]

Iran completes first Oil-for-Goods supply to Russia

Iran has completed its first oil-for-goods supply to Russia. Under the agreement, Russia would buy 100,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. Russia’s Energy Minister Alexander Novak says the first Iranian oil supply to Russia under the oil-for-assets program has been completed and the two sides could extend […]

Lukoil “One of the Favorites” for Iran Oil Field Development

By John Lee. Russia’s Lukoil is reported to be “one of the favourites” to win the contracts to develop Iran’s Mansouri and Shanguleh oil fields. Sputnik quotes company boss Vagit Alekperov (pictured) as saying that contracts could be signed in the next three to four months. The National Iranian Oil Company (NIOC), which announced a […]

Iran offers Russia €3bn Rail Electrification Projects

By John Lee. Iran has reportedly proposed rail electrification projects worth 3 billion euros to Russia. Alexander Misharin (pictured), Russian Railways First Vice-President, has said the projects include electrifying 3,000 kilometers of rail lines. He told Russia’s Sputnik news agency: “Three-thousand kilometers, a big project. We agreed to sit down at the negotiating table and […]

Rosneft Sets Sight on Iran’s Zagros Region

Russia’s state-controlled oil giant Rosneft is interested in oil and gas projects in Iran’s western region of Zagros, after signing a deal last year to do business in the country, an official document showed on Friday. The document, published on a government website that details tenders by state companies, said that as of mid-February Rosneft […]

Iranian Bank Cards to Be Activated in Russia, Turkey

Iranian Minister of Industry, Mine and Trade Mohammad Shariatmadari said Iran and Russia have agreed to link their bank card systems in a bid to boost the trade ties between the two countries. Addressing the opening ceremony of the 12th session of Iran-Uzbekistan Joint Economic Commission in Tehran on Monday, Shariatmadari said the establishment of […]

Iran, Russia discuss Increased Cooperation

Top officials from the parliaments of Iran and Russia met in Tehran on Monday to coordinate policies for closer cooperation and enhanced economic relations between the two countries under a framework of parliamentary interaction. Speaking at a joint press conference in Tehran with Vyacheslav Volodin, the speaker of Russia’s State Duma, Iranian Parliament Speaker Ali […]

Russian Firm to Invest $740m in Iranian Oil Fields

Russia’s state-controlled Zarubezhneft signed an agreement in Tehran on Wednesday to re-develop two oil fields in western Iran. It was the second post-sanctions oil contract awarded to Russia by Iran. Based on the agreement, the Russian firm would re-develop Aban and West Paydar oil fields. Both fields are located in areas bordering Iraq and are […]

Iran “Likely to Join EEU in May”

The Eurasian Economic Union (EEU) could welcome Iran as a new member in May, Russia’s Energy Minister Alexander Novak said. “The move to enter into a temporary agreement making for a free trade zone to be set up between Iran and the Eurasian Economic Union, which is currently at an advanced stage, will obviously trigger […]

Tehran, Moscow finalize Energy Cooperation MOU

The Memorandum of Understanding of the 14th Commission for Trade and Economic Cooperation of the Islamic Republic of Iran and the Russian Federation in the Oil and Gas Industries was set up in 38 articles. In the memorandum, the parties, while supporting the talks and agreements reached between the relevant ministries of the two countries, […]