BAKU, Azerbaijan, February 18. Bilateral
cooperation between Iran and Russia and its strengthening are of
great importance, Iranian Oil Minister Mohsen Paknejad said at the
19th session of the Iran-Russia Joint Economic Cooperation
Commission in Tehran today, Trend reports.
According to him, the development of cooperation between Iran
and Russia at a sensitive period in international processes can be
effective and efficient.
Paknejad noted that one of the important achievements of the
commission is the implementation of operational work within the
framework of the agreements reached.
"Seven oil fields in Iran are being developed within the
framework of four contracts signed jointly between Iranian and
Russian companies. Currently, crude oil is being produced from some
of these fields," he added.
The 19th session of the Iran-Russia Joint Economic Cooperation
Commission began on February 16.
About 6% of Iran's crude oil production is carried out by
Russian companies. This production is expected to reach 12% in the
future.
