News ID: 194166
Published: 0706 GMT June 05, 2017

Tehran, Moscow ink roadmap for energy sector cooperation

Tehran, Moscow ink roadmap for energy sector cooperation

Iran and Russia inked a roadmap for cooperation in the energy sector at the 21st St. Petersburg International Economic Forum (SPIEF 2017).

The roadmap was signed by Iran's Deputy Oil Minister for International Affairs Amirhossein Zamani-Nia and Russia's Deputy Minister of Energy Kirill Molodtsov in a meeting of the joint energy taskforces of Iran and Russia at the 2nd Russian–Iranian working group for energy cooperation under the permanent Russian–Iranian Joint Trade and Economic Commission, reported.

The roadmap came as the result of talks behind closed doors between Iranian authorities and Russian oil and gas companies, which presented their suggestions for the exploration and development of Iranian oil and gas fields.

"It was my first participation in St. Petersburg International Economic Forum. I've used this unique opportunity to talk with leading representatives of oil and gas sector and economic structures: I had meetings with several directors of oil companies, and with the energy ministers of a number of countries. I participated in several plenary sessions with very interesting discussions on the prospects for the oil and gas sector," Zamani-Nia told Sputnik.

One of the most vital issues discussed at the forum, the official said, was the energy sector's impact on the environment and the balance between the energy and the environment. Among the new aspects which were discussed was the role of oil and gas as fossil fuels after 2050.

There is every probability that the percentage of oil and gas in the world's energy basket won't remain the same as it is today, at 80 percent, but still will be sizable, he said. Hence there should be serious investments into the development of the oil and gas sector, he said, noting interesting and innovative solutions to the oil and gas sector were presented at the forum.

Zamani-Nia also commented on the meeting of Russian–Iranian working group for energy cooperation, saying that the 6-7 largest Russian oil and gas companies have expressed interest in developing nine Iranian oil and gas fields.

They have already conducted preliminary studies and have evaluated all the necessary work. Some already have the so-called Master Development Plans (MDP). Iran will now review and study the plans.

He noted that there is a very high potential for cooperation between Russian and Iranian oil and gas companies. He also hoped that the practical phase of cooperation will be launched in the nearest future.

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