Tag Archives | Russia

Iran, Russia to jointly build 2 Nuclear Power Plants

By John Lee. Xinhua reports that Iran will start construction of two nuclear power plants in cooperation with Russian experts, The Iranian Energy Minister, Hamid Chitchian (pictured), is quoted as saying: “The contract has been signed between the Atomic Energy Organization of Iran (AEOI) and Russia, and includes building two 1,000-megawatt nuclear power plants, the construction […]

Oil Majors Present Development Plans for Iranian Oil Projects

Six international oil giants have completed their surveys and submitted plans to the National Iranian Oil Company (NIOC) for developing oil and gas reservoirs, chief executive officer of the NIOC has said. “Russia’s Lukoil, Indonesia’s Pertamina, Japan’s Inpex, French energy giant Total S.A. and Denmark’s Maersk Group are among the majors which have provided NIOC […]

Russia Hopes Iran SCO Membership Process Starts in June

Russian Foreign Minister Sergey Lavrov hopes that Iran’s SCO membership process would be launched in June. Moscow hopes that Iran’s Shanghai Cooperation Organization (SCO) membership process would be launched in June, Russian Foreign Minister Sergey Lavrov said Friday. “Next in line, many have said this today, is Iran, which as you know has settled the […]

Tehran-Moscow Trade to Reach $10bn

Alexander Maksimov, the representative of the Russian Chamber of Commerce and Industry in Iran, said the volume of trade between Tehran and Moscow is expected to reach $10 billion in the near future. “We think the increase in trade is connected with the improvement in bilateral relations between our countries and the growing interest from […]

How US strikes could bring Tehran, Moscow closer

By Saeid Jafari for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iran Business News. Iran’s relationship with Russia has always been characterized by a mix of hope and dread. While one faction in Tehran wants to expand ties, another faction has been traditionally concerned […]

Iran may buy 100 Sukhoi Superjets

By John Lee. Sputnik reports that Iran has shown interest in purchasing 100 medium-haul Sukhoi Superjet 100 (SSJ100) passenger planes from Russia. Russian Energy Minister Alexander Novak confirmed that agreement has only been reached regarding 12 aircraft as of the moment. The SSJ100 can transport up to 98 passengers up to 2,700 miles, and costs around $36 million in its basic […]

RZD International signs €1.2bn Iran Electrification Deal

RZD International and Islamic Republic of Iran Railways signed the contract for the Garmsar–Inche Bouroun Railway Line Electrification. In the framework of the visit of the President of the Islamic Republic of Iran Hassan Rouhani  to Moscow “RZD International” LLC and JSC “Islamic Republic of Iran Railways” signed the Contract for electrification of the Garmsar – […]

Iran, Russia to Boost Trade to $10bn

Tehran and Moscow intend to increase the volume of their annual trade exchanges to 10 billion dollars, President Hassan Rouhani says. President Rouhani made the remarks Tuesday evening during a dinner banquet with Iranian nationals living in Russia, IRNA reported. “It takes several years for the people to know all the aspects of the Joint […]

Gazprom signs MoU with Iran

Russia’s Gazprom and the National Iranian Oil Company (NIOC) have signed a Memorandum of Understanding in Moscow. The signing ceremony took place in the presence of Vladimir Putin, President of the Russian Federation, and Hassan Rouhani, President of the Islamic Republic of Iran. In accordance with the document, the parties will examine the avenues for cooperation in the field of hydrocarbon prospecting, exploration and production within […]

Iran, Russia Ink 14 Agreements to Enhance Ties

Ranking officials from Iran and Russia signed 14 cooperation documents at a high-profile meeting in Moscow to promote bilateral relations in a range of fields, from ICT to tourism. In a Tuesday ceremony in the Kremlin with Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin in attendance, top officials from the two sides […]