Iran, Russia to expand energy cooperation: official

13:18, July 14, 2010      

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Iran and Russia are busy drafting a road map for future energy cooperation, the local satellite Press TV reported Tuesday.

The road map is expected to be signed when the Iranian oil minister visits Moscow, the report said.

Iran's Deputy Oil Minister for International and Commercial Affairs, Hossein Esmaeli Shahmirzadi, said Iran and Russia have presented their proposals for drafting the road map, according to the report.

"However, because of the differences in the perspectives of the two countries, drafting the road map requires assessment and takes time," Shahmirzadi was quoted as saying.

Shahmirzadi said Iran can invest in Russia's gas and oil industry within the framework of the road map.

"The most important aim of drafting the road map is cooperation between Tehran and Moscow for developing oil and gas fields in the two countries or in a third party," he said a day before Iranian Oil Minister Masoud Mirkazemi leaves for Moscow for talks with his Russian counterpart Sergei Shmatko.

According to the report, a Russian oil ministry statement said earlier that "the ministers will discuss the current situation in Russia-Iranian energy cooperation and will outline prospects for future cooperation."

Russia and Iran, as the first and second largest holders of natural gas reserves, have already had talks over creating a natural gas organization that could shift the alignment of the energy market.

Source: Xinhua


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