Iran’s NIOC, Russia’s Gazprom sign $40bn investment deal

The National Iranian Oil Company (NIOC) and Russia’s Gazprom have signed a “historic” deal worth $40 billion for joint investment in oil and gas projects.
NIOC’s chief Mohsen Khojastehmehr and Gazprom’s deputy chairman Vitaly Markelov signed the memorandum of understanding (MoU) between the two state companies using a video conference link on Tuesday, according to a report by the Iranian Oil Ministry’s news service Shana.
The deal was signed just hours ahead of a planned visit by Russian President Vladimir Putin to Tehran.
Shana’s report said the MoU will cover development projects at several Iranian oil and gas fields, including a $10 billion project in Kish and North Pars gas fields located in the Persian Gulf as well as a $15 billion project to boost pressure at South Pars, the world’s largest gas field located on the maritime border between Iran and Qatar
Comment
- Turkey Will Be Monitoring and Controlling on PKK Disarmaments
- Baghdad Conference: Pressures, Oppositions and Conclusions
- PKK Dissolution Will Not reduce Challenges Existing Between Turkey and Kurds
- Jolani’s Trip to Paris indicates a Systematic Link Between Terrorist groups and the West
- Dispute over Mohammed Al-Jolani’s presence at Baghdad meeting
- Turkey Will Be Monitoring and Controlling on PKK Disarmaments
- Baghdad Conference: Pressures, Oppositions and Conclusions
- PKK Dissolution Will Not reduce Challenges Existing Between Turkey and Kurds
- Jolani’s Trip to Paris indicates a Systematic Link Between Terrorist groups and the West
- Dispute over Mohammed Al-Jolani’s presence at Baghdad meeting
- Explosion in the South of Iran: Speculations and Simulations
- The Cause and the Timing of the Ikhwan-ul Muslimeen Dissolution: “They Were Supposed to be Dissolved Five Years Ago
- Israel Seeks to Intensify the Situation and Change the Middle East Map
- Iraq’s Judiciary Power Should Conduct Research on Al-Jowlani’s Crimes
- There is a Lot of Hope that the Iran-US Negotiations would Lead to Success
- The War on Syria was One of the Seven Wars that Israel had Wanted
- Trump is Content with a Negotiation: For Him Speaking with Iran is an Achievement
- The US and Turkey have Signed an Agreement Over Intervention in Iraq Affairs
- Turkey Will Be Monitoring and Controlling on PKK Disarmaments
- Baghdad Conference: Pressures, Oppositions and Conclusions
- PKK Dissolution Will Not reduce Challenges Existing Between Turkey and Kurds
- Jolani’s Trip to Paris indicates a Systematic Link Between Terrorist groups and the West
- Dispute over Mohammed Al-Jolani’s presence at Baghdad meeting
- Explosion in the South of Iran: Speculations and Simulations
- The Cause and the Timing of the Ikhwan-ul Muslimeen Dissolution: “They Were Supposed to be Dissolved Five Years Ago
- Israel Seeks to Intensify the Situation and Change the Middle East Map
- Iraq’s Judiciary Power Should Conduct Research on Al-Jowlani’s Crimes
- There is a Lot of Hope that the Iran-US Negotiations would Lead to Success