Russia, Iran discuss wheat shipments, oil and gas sector co-operation 03/07/2018 | By Petia Krasteva, EMIS Editor

Russia to ship 1.5mn tonnes of wheat to Iran, Russian firms to develop Iranian oil fields

Russia and Iran have discussed economic co-operation possibilities and in particular wheat shipments and oil and gas sector co-operation, Prime reported citing Energy Minister Alexander Novak as saying on Tuesday. The two countries have tentatively agreed to ship Russian wheat to the Iranian markets as the annual supplies might amount to 1.5mn tonnes, he explained.

Novak also said that with Iran's Economy and Finance Minister Masoud Karbasian they have discussed the operations of Russian oil companies on the Aban, West Paydar and Yaran deposits. He added he hopes the project would soon be formalized and six Russian firms will sign an agreement to develop the fields later this month. Other joint projects on the bilateral agenda are the establishment of a joint venture for gas shipments and construction of a gas pipeline Iran-Pakistan-India, Novak added.

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