Gazprom makes proposals for development of oil fields in Iran

Gazprom makes proposals for development of oil fields in Iran
March 14, 2016 - 18:01 AMT

PanARMENIAN.Net - Russian energy minister said Gazprom, Russia's state gas monopoly, has put forward proposals for the development of oil fields in Iran, the Associated Press reports.

Alexander Novak spoke at bilateral trade discussions in Tehran on Monday, March 14. According to Russia's Tass news agency, he underscored Moscow's desire to strengthen trade relations with Iran and said the countries were considering opening a free-trade zone.

Sanctions against Iran were lifted in January and Western and Russian gas and oil companies have been keen to close deals with Iran and gain access to the country's natural resources.

It's unclear if Iran will accept the conditions set out by Gazprom.

During the same Monday discussions, Iran's communications minister, Mahmoud Vaezi, said Iran wishes to review the conditions of energy contracts made with Russia before sanctions were lifted.

Related links:
AP. Russia's Gazprom proposes gas deal with Iran
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