TEHRAN (Basirat): Russian president Vladimir Putin has announced plans for investment of up to $50 billion in Iran’s oil and gas sector, Iran’s special envoy Ali Akbar Velayati said, adding that Russian firms could replace the western oil companies that have left the Islamic Republic.
Speaking to IRIB after a meeting with Russian President Vladimir Putin near
Moscow on Thursday, Velayati said he met with Putin to convey the message of
Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei and Iranian
President Hassan Rouhani.
Hailing the "very constructive, clear and cordial” negotiations in the meeting
that took about two hours, Velayati said the two sides discussed all issues of
The Russian president has expressed satisfaction with the progress in the
bilateral ties between Tehran and Moscow and with the implementation of the
agreements achieved in his meetings with President Rouhani in recent years, he
Leader of the Islamic Revolution Ayatollah Seyed Ali Khamenei regards Iran’s
relations with Russia as "strategic”, Velayati said, adding that Putin holds the
Highlighting Putin’s satisfaction with a 36-percent increase in the value of
trade exchange between Iran and Russia in the first 4 months of 2018, Velayati
said the Russian leader has emphasized the necessity for close cooperation with
Iran in the oil industry, peaceful nuclear energy, communications and the
North-South railroad corridor connecting the Russian city of St. Petersburg to
Iran’s southeastern port city of Chabahar.
As regards cooperation in the energy industry, Velayati said one of Russia’s
major oil companies has signed a $4-billion agreement with Iran, which will be
Two other large Russian oil companies, namely Rosneft and Gazprom Neft, have
started negotiations with Iran to sign agreements worth up to $10 billion, he
Velayati also quoted Putin as hailing the oil cooperation between Iran and
Russia, saying Russia has announced readiness to make investment as high as $50
billion in Iran’s oil and gas industry, and that Russian firms could replace the
western companies that have left Iran.
As for cooperation in the nuclear industry, Velayati said Iran has already built
a 1000-MW reactor with the help of Russia, adding that Putin was personally
updated on details of construction of two other reactors Russia is building in
The two new reactors, a 100-MW and a 35-MW one, are being built along Iran’s
southern coasts and will be employed to generate electricity and desalinate
water, he noted.
Russia has agreed to transfer the technology of construction of small reactors
for the southern coasts of Iran, Velayati added.
The Russian president also voiced satisfaction with promotion of cooperation in
the railroad industry, Velayati said, pointing to Russia’s assistance for Iran
in the electrification of the Incheh Borun-Garmsar railroad track.
Investment in Iran’s railroad industry could accelerate transportation of goods
and lead to 40-percent saving in time and expenses when it comes to the transit
of commodities from Southeast Asia, the Iranian official stated.
On regional cooperation, Velayati said Putin has emphasized that Russia and Iran
will keep working together to support Syria’s legitimate government and also
cooperate in Iraq to defend the territorial integrity of the two nations.
Putin underlined that Russia, Iran and Turkey will stick to the Astana process
for peace in Syria, he added.
The Russian leader also denounced the US sanctions against Iran, saying such
measures that are out of step with the United Nations Security Council’s
decisions are unacceptable, Velayati went on to say.
He said Putin has voiced support for Iran’s rights under the Joint Comprehensive
Plan of Action (JCPOA) and given an assurance that Moscow will stand with Tehran
and defend its rights.
Iran and Russia are going to continue negotiations in various fields, Velayati
underlined, saying the next round of Astana peace talks will be held in Tehran,
bringing together officials from Russia, Iran and Turkey.
What has been agreed upon in general during the meeting with Putin will be
discussed in details in a meeting with Russian Energy Minister Alexander Novak,
Velayati further said.
He also unveiled plans for a speech to the meeting of the Valdai International
Discussion Club in Russia in order to explicate Iran’s foreign policy.