Dec 01 2009 |
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Iran: Energy Deals With Russia
Iran and Russia held a meeting of their joint energy commission with the establishment of a joint oil firm and a deal to swap gas.According to IRNA, Russian Energy Minister Sergey Shmatko arrived in Tehran on Sunday to attend the two-day meeting.
The meeting aimed to discuss details of an agreement for swapping gas from Central Asia to the Persian Gulf; the setting up of a joint venture for energy projects in the two countries as well as third-party states; and the joint exploration and development of oil and gas fields.
The agreement was signed between Shmatko and Iranian Oil Minister Gholamhossein Nozari on the sidelines of an OPEC summit in March.
Swaps are agreements by which a country can supply goods to another in exchange for the latter giving the equivalent to a third party.
Tehran and Moscow plan to swap up to 50 million cubic meters of Iran's natural gas from the Caspian Sea to the Persian Gulf.
Shmatko is also expected to discuss with Tehran officials the long-delayed Bushehr nuclear plant in southern Iran.
Shmatko told reporters after the bilateral meeting on Sunday that Russia's largest petrochemical holding SIBUR is also negotiating the construction of major petrochemical plants in the country with the National Iranian Petrochemical Company.
"It is possible to develop major complexes in the oil and gas industry on the basis of oil and gas resources," he said.
Alongside, Shmatko emphasized that, first of all, it is possible to involve the blocks of the South Pars gas field, which the Russian gas major Gazprom is developing.
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