Russia is interested in investment in Iran’s oil and gas projects, Russian Energy Minister Alexander Novak said on Friday.
He made the remarks in a joint press conference with Iranian co-chairman of Iran-Russia Joint Economic Cooperation Commission Mahmoud Vaezi.
The Russian co-chairman of Iran-Russia Joint Economic Cooperation Commission said that oil and gas are major fields of cooperation between Tehran and Moscow.
He noted that Russia is waiting to see new models of oil contracts provided by the Iranian government.
Russian companies are interested in investment in Iranian gas and oil projects, the official added.
In the meantime, Vaezi, who is also minister of communications and information technology of Iran, said that Tehran is willing to expand all-out ties with Moscow.
Iranian crude oil output will reach the pre-sanctions level in the next two or three months ahead, Vaezi said answering a question.
He voiced hope for normalization of situation in the oil market by 2017.