Russian companies seek to finance Iran's energy projects
Russian firms have reportedly declared their readiness to finance Iran's oil and gas projects.
Asghar Soheilipour, the head of Investment Committee of National Iranian Gas Company, said that since Russians have halted several projects in eastern Europe and Syria due to different reasons, they are willing to finance Iranian projects, IRNA News agency reported on Jan. 5.
"One company even proposed to inject $2 billion immediately," he said.
According to the official, a Russian company has financed a $700-million pipeline project from southern city of Iranshahr to southeastern city of Chabahar.
"The project will be completed in two years," he said.
The US and EU have imposed sanction's on Russia over the country's alleged role in Ukrainian crisis. Following the sanctions, Moscow voluntarily banned importing certain items from the western countries.
This has created an opportunity for Tehran to boost its ties with Moscow.
During an official visit to Tehran by a high-ranking Russian delegation, the country officially requested Iran to increase its agricultural products and food stuff exports to Moscow in order to meet the country’s domestic demands.
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!