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Russian energy minister: Potential of oil and gas contracts in Iran reaches around $20 bln

February 22, 9:02 updated at: February 22, 10:00 UTC+3

The Iranian delegation will arrive in Russia on March 27 to present terms of oil and gas contracts for Russian companies

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MOSCOW, February 22. /TASS/. Russian Energy Minister Alexander Novak estimated the potential of contracts for production and exploration of oil and gas in Iran, which are open to Russian companies, at around $20 bln, he said in an interview with Rossiya 24 TV channel.

"Our companies have a particular interest in specific fields. In general, we estimate that the potential of the deals in this area can be estimated at around $20 bln," Novak said.

The Iranian delegation will arrive in Russia on March 27 to present terms of oil and gas contracts for Russian companies, Novak said after talks with Iranian Oil Minister Bijan Namdar Zangeneh.

"We agreed that on March 27, the Iranian delegation will arrive to present the Iranian oil contract. This will speed things up significantly," he said.

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