Petroleum Minister:

Tehran(IP)- Iran’s Petroleum Minister said the country is doing the best of its ability to develop trade ties with Russia.

Iran PressIran news: Heading a high-level delegation, the Russian deputy prime minister is visiting Tehran to discuss his country’s cooperation with top Iranian officials.

Iran’s Petroleum Minister Javad Owji, who held talks with Russian Deputy Prime Minister Alexander Novak, added that the two countries’ governmental and private sectors would help broaden bilateral relations.

Javad Owji, after the meeting, said that the two countries plan to raise their annual trade to $40 billion by 2025.

He also went on to say that part of Russia’s $5 billion funds for Iranian energy, agricultural, and transport projects was allocated. 

Iran’s minister of petroleum also pointed to the North-South Transport Corridor and said that the issue was discussed today and good agreements were reached in the rail, road, maritime, and air transport sectors.

The Iranian minister expressed his satisfaction with the installation of Novak as the chairman of the Iran-Russia Joint Trade and Economic Cooperation Commission.

Tehran and Moscow signed good agreements and memorandums of understanding on cooperation in the energy, agricultural, transport, and other sectors last year, recalled Owji, adding the two sides discuss them today ahead of the meeting of the Iran-Russia Joint Economic Commission.

Novak said that his accompanying delegation is composed of top officials of ministries, organizations, trade unions, companies, and governors.

He said that Iran and Russia enjoy all-out relations, continuing that bilateral ties have witnessed a special dynamism in recent years. The two countries’ presidents are regularly holding talks about different issues.

Touching upon Iran's President Ebrahim Raisi’s visit to Russia in January 2022, Novak called it a driving force for broadening bilateral ties.

He underlined that the two sides must implement the agreements reached between the presidents.

Earlier in the day, Novak said the ongoing negotiations between Russia and Iran would play a major role in their relations, recalling that the two countries seized an excellent opportunity last year and increased their trade volume by 81 percent to $4 billion.


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Iran's petroleum Min. meets with Russian Dep. PM to boost bilateral cooperation