BAKU, Azerbaijan, July 13. Iran and Russia are
close to finalizing a gas trade agreement.


This was announced in a report published by the Iranian Oil
Ministry, citing statements by Minister Mohsen Paknejad at a
meeting with Russian Energy Minister Sergey Tsivilyov.


''Iran and Russia have reached an agreement on the main
provisions of the final gas trade agreement and are working to
finalize it as soon as possible. Consensus has been reached on the
key provisions of the agreement, and only two points remain that
require further final discussions. It is expected that a final
agreement on all provisions will be reached in the near future,''
the report says, citing Paknejad's remarks at the meeting.


According to the ministry, in the course of the meeting, the
ministers discussed the implementation process for the agreements
reached at the 19th session of the Joint Commission on Economic
Cooperation between Iran and Russia, held earlier this year, and
assessed progress in fulfilling the 146 points of bilateral
agreements.


The Iranian minister added that during the talks, the sides
examined the obstacles arising in the implementation of the
agreements and decided to develop the necessary solutions and take
appropriate steps to overcome them.







Russian Energy Minister Sergey Tsivilyov also stated that an
agreement had been reached between Moscow and Tehran to accelerate
the removal of obstacles to cooperation between companies in the
two countries. Given the current exceptional circumstances, the
results of cooperation in the energy sector have been
satisfactory.


''If a full agreement is reached between Iran and Russia during
the negotiations, 55 billion cubic meters of gas per year will be
exported from Russia in the first phase,'' Tsivilyov added.


On June 26, 2024, a document was signed between Majed Chegheni,
CEO of the National Iranian Gas Company, and Alexei Miller, CEO of
the Russian company Gazprom, regarding the transportation of
Russian gas to Iran.


Meanwhile, Iran is considered the second-largest country in the
world in terms of natural gas reserves, which amount to
approximately 34 trillion cubic meters. Currently, the country has
22 active gas fields. Iran produces 1.07 billion cubic meters of
high-quality natural gas daily from its fields.