(MENAFN- Trend News Agency)
The transit and trade of oil and gas with Russia will make Iran
a regional energy hub, Iranian Oil Minister Javad Owji said on
Thursday, reports citing .
Owji made the remarks on the sidelines of the ongoing Caspian
Economic Forum held in the Russian capital of Moscow.
He said that as two gas exporting countries, Iran and Russia
have a lot of cooperation in the field of energy swaps.
During his current visit to Russia, new understandings will be
reached for the establishment of facilities and the joint
exploitation of gas fields, the Iranian minister said.
He mentioned the agreements with the Russian Gazprom company and
announced a joint investment agreement for the production of LNG
(liquefied natural gas) and related technologies for gas facilities
Owji attached great importance to the cooperation between Iran
and Russia in Iran's North and South Pars as well as Kish gas
fields, saying both countries have signed cooperation agreements on
the gas export to Pakistan and Oman and on the joint construction
of an export pipeline to these two countries in the south of Iran,
according to IRNA.
Referring to the swap of oil products such as gasoline in the
Caspian Sea region and the exchange of non-oil items with oil, the
Iranian minister noted that Tehran and Moscow are able to swap 10
million tons of oil and non-oil products, for which facilities like
vessels and ports have been established and equipped.
He called Iran's cooperation with the Caspian Sea littoral
states in the energy sector strategic and expressed hope that
within the next few weeks, a 15-billion cubic meters gas swap
agreement through Turkmenistan will be completed.
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