Iran, Russia Sign MOUs to Build Gas Pipelines to Oman, Pakistan
Owji, the Iranian oil minister, made the comments on the sidelines of the 2nd Caspian Sea Economic Forum in the Russian capital of Moscow.
The minister attached great importance to the cooperation between Iran and Russia in the Iranian gas fields of North Pars, Kish and in the South Pars field and said, “We have also signed MoUs on the export of gas to Pakistan and Oman, and the construction of an export pipeline to the mentioned neighboring countries, which will be done jointly by Iran and Russia.”
Pointing to the swap of oil products such as gasoline in the Caspian Sea and the exchange of non-oil data-x-items with oil, Owji said, “The two countries are capable of swapping 10 million tons of oil and non-oil products, for which fortunately there is the necessary infrastructure.”
He described Iran's cooperation with the Caspian Sea littoral states on the fields of oil, gas and energy as “strategic”, adding that halt in Russian gas export to Europe and the change in international conditions have made Iran to be a bridge for the transfer of Russian oil and gas products to other countries.
He further said that Iran has become a gas hub in the region.
The minister went on to say that “as gas exporting countries, Iran and Russia have done a lot of cooperation in the field of energy swaps, and during the trip to Russia, new understandings will be created for the establishment of facilities and the exploitation of joint gas fields.”
Referring to the position of the Russian Gazprom company in the oil and gas industry as the second biggest company in the world, he announced a joint investment for the production of LNG (liquefied natural gas) and technologies related to gas facilities with the Russian company.
“Fortunately, good negotiations have been conducted with this company and other companies. It is known that the ceiling of the agreements will reach up to $40 billion. These companies will invest in the oil and gas fields of our country and they will take their own share out of the extracted and produced product to make up for the costs they have invested.”
4155/i
