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RosGeo signs contract with Iran worth $21 mln

According to Sergey Gorkov’s presentation delivered at the meeting, the contract stipulates carrying out of geological and surveying works

MOSCOW, April 5. /TASS/. RosGeo has signed a contract on geological and surveying works, with technical agreement to be signed by May 1, member of the board, former Chief Executive Officer of Russia’s geological holding Sergey Gorkov said at an extended board meeting.

"We signed a major contract with Iran last month worth almost 2 bln rubles ($21.6 mln), which starts this year," he said, adding that "the signing of technical agreement is expected by May 1 of this year."

According to Gorkov’s presentation delivered at the meeting, the contract stipulates carrying out of geological and surveying works.

RosGeo is the largest geological holding in the Russian Federation that performs all types of geological prospecting and exploration activities. RosGeo is a fully state-owned company.

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