Hamid Bord met with Sergey Tisilyov on Tuesday afternoon (October 25) after the conclusion of the twenty-eighth ministerial meeting of the Gas Exporting Countries Forum (GECF) in Moscow. In this meeting, the development of energy cooperation was raised as one of the most important topics of discussion, and general agreements regarding the gas trade contract between Iran and Russia were achieved.
Negotiations to Finalize the Gas Trade Agreement
Hamid Bord emphasized that negotiations to finalize the gas trade agreement between Iran and Russia are progressing, and this agreement will be promising news for the presidents of both countries. He also referred to efforts to expedite this agreement and expressed hope that it would soon reach the implementation stage.
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Investment of Russian Companies in Iran's Oil and Gas Fields
The head of the Ministry of Oil, while referring to the progress of cooperation in various energy sectors, noted that the issue of investment by Russian companies in Iran's oil and gas fields was also discussed in the negotiations. This cooperation could significantly contribute to increasing oil and gas production capacity in Iran.
Bord also emphasized the existing obstacles to the implementation of the agreements reached in the nineteenth meeting of the Joint Commission for Economic Cooperation between Iran and Russia, adding that necessary solutions to overcome these obstacles have been compiled and follow-ups will be conducted to implement the decisions made.
The Russian Minister of Energy also announced that next year, the joint cooperation commission of the two countries will be held in Russia. This commission is recognized as one of the main mechanisms for pursuing and developing cooperation between the two countries in various economic fields.
The nineteenth Joint Commission for Economic Cooperation between Iran and Russia will be held in February 2025 at the International Conference Center of the National Iranian Oil Company (Koushk). This meeting will address various issues, including the completion of the International North-South Corridor, gas transfer from Russia to Iran, and the development of cooperation in other areas.
The Gas Exporting Countries Forum has 12 main members, including Iran and Russia, and collectively holds about 70 percent of the world's proven natural gas reserves.
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