Hamid Bord today (Sunday, October 25) upon arrival in Moscow to participate in the eighth summit of the Gas Exporting Countries Forum (GECF) and the twenty-eighth ministerial meeting stated the importance of this meeting: Iran is one of the founders of this forum, and in this meeting, in addition to reviewing production plans, we will negotiate with member countries about expanding energy cooperation, especially in the gas sector.
Bilateral Agreements Between Iran and Russia
He pointed out that the decisions and common issues of the GECF will be reviewed at the leaders' meeting, adding: The Islamic Republic of Iran will present its positions on international developments and the crimes of the United States related to the war and the damage inflicted on the country's energy infrastructure at this meeting. We are also seeking to strengthen cooperation and coordination with countries active in the gas sector.
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The head of the Ministry of Oil regarding bilateral cooperation between Iran and Russia said: In the previous meeting of the presidents of Iran and Russia in Turkmenistan, general agreements for gas exchange were made. Currently, the technical stages of implementing this agreement are being followed up, and the agreement is nearly finalized. We hope that with the completion of the pipeline program that the Russian side is pursuing through Azerbaijan, the possibility of gas exchange between the two countries will be provided in the near future.
Russia's Participation in Developing Iran's Oil Fields
Bord mentioned the participation of Russian companies in the development of Iran's oil fields, stating: The cooperation between the two countries in the oil sector continues, and four major oil fields in Iran are being developed in partnership with Russia. Contracts in this sector have made good progress, and necessary follow-ups to advance them with the Russian side will continue.
He emphasized: In the margins of this meeting, issues related to joint oil and gas projects will also be discussed with Russian counterparts, and we plan to further develop economic cooperation between the two countries, especially in the oil and gas sectors.
The eighth summit will be held on Tuesday (October 27) and the twenty-eighth ministerial meeting of the Gas Exporting Countries Forum will take place on Monday (October 26). This forum has 12 main members including Algeria, Bolivia, Egypt, Equatorial Guinea, Iran, Libya, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates, and Venezuela.
According to announced statistics, member countries hold about 70 percent of the world's proven natural gas reserves, 38 percent of commercial gas production, and 42 percent of global gas exports.
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