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Russia and Iran to Sign Gas Swap Contracts in the “near future"


Russia and Iran will sign gas swap contracts for the purchase of Russian gas, in the “near future” according to Iran’s Oil Minister Javad Owji. The counties are also discussing a swap deal for petroleum products.

  • No further details have yet been given.
  • The countries are also in talks to develop up to 21 Iranian oil and gas fields. National Iranian Oil Company and Gazprom signed a MoU on strategic cooperation for $40b worth of projects in July.

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