Iran's Rouhani signals expansion in energy cooperation with Russia

Iranian President Hassan Rouhani welcomes Russian investment in Iran’s gas and oil fields


Reuters March 27, 2017
Iranian President Hassan Rouhani takes part in a news conference near the United Nations General Assembly in the Manhattan borough of New York, US, September 22, 2016. PHOTO: REUTERS/FILE

Iranian President Hassan Rouhani said on Monday that Tehran welcomed Russian investment in its gas and oil fields, signalling major developments in energy cooperation between the two countries.

No time to create walls between nations: Iran's Rouhani

"There is a huge potential for Russian investment in Iran's energy sector," Rouhani told reporters at Mehrabad airport in Tehran before departing for Moscow.

"Some oil and gas fields have been suggested to Russian companies...We will see a big development in energy cooperations," he said in a news conference broadcast live on state television.

COMMENTS (1)

powayman | 4 years ago | Reply Odd fit. More Iranian oil just reduces oil prices which hurts Russia - on the other hand Russia needs the money and both countries are under USA sanctions so maybe it's a good fit.
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