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Iran, Russia Sign MoU on Gas, LNG.

Summary: TEHRAN (FNA)-Iran and Russia inked two Memoranda of Understanding (MoUs) to develop the two countries' cooperation in gas industries, specially in area of the Liquid Natural Gas (LNG).

The MoUs were endorsed between Iran's Oil Ministry and Russia's Gazprom in Tehran on Wednesday in the presence of Iran's Oil Minister Bijan Namdar Zangeneh and Gazprom CEO Alexei Miller.

The MoU deals with implementation of an LNG project in Iran and making it operational. The agreement on the Iranian side was signed by Ali Kardor, the managing director of the National Iranian Oil Company (NIOC).

The two countries also signed an MoU on the roadmap of developing gas industry in Iran.

In a relevant development last month, Iran's Industrial Development and Renovation Organization (IDRO) and Russia's Gazprom Company signed an MoU to broaden their cooperation on oil and gas explorations.

The MoU was signed between IDRO Chief Mansour Moazami and Russian Gazprom Company Vice-Chairman Vitaly Markelov in Tehran.

During the signing ceremony, Moazami pointed to 50 years of IDRO's background in the field of industry as well as oil and gas areas, and said, "The MoU will help Gazprom to use industrial opportunities in Iran.

Markelov, for his part, pointed to different fields of activities of the company, and said that the company is active in 26 countries.

"The Gazprom intends to start wide range of activities in Iran from primary works to completed phase," he added.

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Publication:FARS News Agency
Geographic Code:7IRAN
Date:Dec 14, 2017
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