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Iran discusses cooperation with Russian oil, gas firms
- Iran: Tuesday, September 04 - 2012 at 11:58
Iranian oil minister Rostam Qasemi has said the Islamic Republic is in talks with Russian companies over cooperation in the oil and gas sector, ruling out immediate plans for joint projects in the country, RIA Novosti has reported. "We [would] welcome cooperation with Russian companies if they are ready to invest in Iran's oil and gas sector and develop oil and gas deposits," he said. "However, at present we do not have any joint projects." Russian companies have been wary of cooperation with Iran, fearing sanctions on Western markets. Iranian oil exports have fallen by an estimated 40% since the EU introduced an oil embargo against Tehran in July.
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