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Iran, Gazprom set to sign cooperation memorandum

DUSHANBE, July 14, Asia-Plus – Russian energy giant Gazprom [RTS: GAZP] and Iran”s Ministry of Petroleum will sign on Sunday a memorandum of cooperation in the oil and gas sphere, an Iranian deputy oil minister said. “Interaction between Iran and Russia in all spheres and especially in the energy sphere is very wide. We expect […]

RIA Novosti


DUSHANBE, July 14, Asia-Plus – Russian energy giant Gazprom [RTS: GAZP] and Iran”s Ministry of Petroleum will sign on Sunday a memorandum of cooperation in the oil and gas sphere, an Iranian deputy oil minister said.


“Interaction between


Iran

and


Russia


in all spheres and especially in the energy sphere is very wide. We expect to further broaden this cooperation in the future,” Hossein Noghrehkar Shirazi said.


Shirazi said a series of discussions would precede the signing of the cooperation memorandum.



Iran



ranks fourth in terms of crude reserves after

Saudi Arabia

,

Iraq

and

Kuwait

, as well as fourth in terms of oil production after

Saudi Arabia

, the

United States

and


Russia


.


Iran


”s proven gas reserves total more than 28 trillion cubic meters.


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