{"id":35966,"date":"2018-07-15T19:17:14","date_gmt":"2018-07-16T00:17:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=35966"},"modified":"2018-07-15T19:17:14","modified_gmt":"2018-07-16T00:17:14","slug":"russia-plans-50-billion-investment-in-irans-oil-gas-industry","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=35966","title":{"rendered":"Russia Plans $50 Billion Investment In Iran\u2019s Oil, Gas Industry"},"content":{"rendered":"

Russia Plans $50 Billion Investment In Iran\u2019s Oil, Gas Industry<\/a><\/h3>\n\"Pars<\/picture>\n
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Russia is getting ready to invest US$50 billion<\/a> in Iran\u2019s oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible.<\/p>\n

\u201cRussia is ready to invest $50bn in Iran\u2019s oil and gas sectors,\u201d according to Ali Akbar Velayati, Senior Adviser for International Affairs of the Supreme Leader of the Islamic Republic, as carried by the Financial Times.<\/p>\n

Velayati was on a visit to Moscow that included a meeting<\/a> with Russian President Vladimir Putin.<\/p>\n

\u201cMilitary and technical co-operation with Russia is of major importance to Iran,\u201d FT quoted Velayati as saying.<\/p>\n

\u201cThe discussion focused on Russian-Iranian cooperation issues as well as the situation in the region, including developments in Syria. The parties reaffirmed their commitment to the Joint Comprehensive Plan of Action on Iran\u2019s Nuclear Deal (JCPOA),\u201d the Kremlin said in a brief statement on the meeting on Thursday.<\/p>\n

According to the Iranian official, a Russian oil company has signed an agreement with Iran worth US$4 billion, and that deal \u201cwill be implemented soon.\u201d<\/p>\n

Russian energy giants Rosneft and Gazprom have also started talks with the oil ministry of Iran to potentially sign deals worth up to US$10 billion, the Iranian adviser said, while a Russian government official confirmed to FT Russia\u2019s US$50-billion investment plans.<\/p>\n

Earlier this year, a local Iranian company, Dana Energy, in a consortium led by Russia\u2019s Zarubezhneft, signed<\/a> an agreement with the National Iranian Oil Company (NIOC) to redevelop the Aban and West Paydar oilfields, with total capex estimated at around US$740 million<\/a>.<\/p>\n

Separately, Russia\u2019s Energy Minister Alexander Novak said<\/a> on Friday that Russia was studying all legal implications for a possible deal with Iran under which Moscow would provide goods to Tehran in exchange for oil. Such a deal is still possible, Novak said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Russia Plans $50 Billion Investment In Iran\u2019s Oil, Gas Industry Russia is getting ready to invest US$50 billion in Iran\u2019s oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible. \u201cRussia is […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,5],"tags":[441,5332,694,14603],"class_list":["post-35966","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-iran","tag-oilprice-com","tag-russia","tag-tsvetana-paraskova"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35966"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35966\/revisions"}],"predecessor-version":[{"id":35967,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/35966\/revisions\/35967"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}