Led by Alexey Miller, the Management Committee Chairman, a Gazprom delegation paid a working visit to the Islamic Republic of Iran. Within the visit the delegation met with Gholamhossein Nozari, Iranian Oil Minister, and Seifullah Jashnsaz, Managing Director of the National Iranian Oil Company.
The parties discussed the top-priority steps towards cooperation deepening in the oil and gas area including the creation of a joint venture to implement oil and gas fields exploration and development projects, the construction of oil and gas processing and transport facilities in Iran. The meeting members also agreed to set up a joint venture dealing with oil and gas projects in Iran, Russia and third countries. A possible execution of swap transactions was also under discussion. The Iranian party raised an issue concerning Russian gas supplies to northern Iran based on long-term agreements.
Following the negotiations results, a Memorandum of Understanding was signed between Gazprom and the National Iranian Oil Company. To implement the Memorandum provisions a joint working group will be formed.
The parties discussed the interaction within the preparation for the next meeting of the Gas Exporting Countries Forum. The development of the global gas balance was named as a major challenge of the Forum. A requirement to further develop the Forum as a standing international organization was emphasized.
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