Russian President
Vladimir Putin and his Iranian counterpart
Hassan Rouhani
oversaw the signing of a memorandum between Gazprom and National
Iranian Oil Company (NIOC) in Moscow on March 28, the Russian gas
monopoly said in a press release.
In accordance with the document, the parties will examine the avenues
for cooperation in the field of hydrocarbon prospecting, exploration
and production within Iran, Gazprom said.
At the same time, Russia and Iran will continue to cooperate within
the framework of the Gas Exporting Countries Forum (GECF), which aims
for a balance in the interests of producers and consumers, Sputnik
reported.
“The sides agreed to continue the constructive cooperation within the
framework of the Gas Exporting Countries Forum, which aims to form a
fair balance of interests of producers and consumers of gas, as well as a
broader use of this economically effective and ecologically clean
fossil fuel in the global energy balance, including in order to reduce
greenhouse gas emissions,” the statement read.
Moreover, Russia and Iran will continue cooperation with an aim of
stabilising the global energy market and ensuring conditions for stable
economic growth.
Putin and Rouhani welcomed the agreements of the Organization of the
Petroleum Exporting Countries and other oil producing countries, which
favours balancing supply and demand in the oil market in an acceptable
price range, as well as maintaining the investment attractiveness of the
oil industry. Russia and Iran will continue to cooperate in this area
in order to stabilise the global energy market and ensure sustainable
economic growth, the statement read.
https://www.neweurope.eu/article/gazprom-nioc-ink-mou-hydrocarbon-exploration-production-within-iran/