Gazprom and NIOC signed two strategic cooperation MoU’s

Image courtesy of Gazprom Neft

Image courtesy of Gazprom Neft

Amongst a series of documents that have been signed on the margins of the visit to Iran by Russian president Vladimir Putin, Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Amir Hossein Zamaninia, Iran’s Deputy Minister of Petroleum, signed a Memorandum of Understanding for strategic cooperation.
In accordance with the document, the parties will look into the prospects of joining efforts in developing Iranian gas fields with subsequent gas transportation and monetization, including through liquefaction and petrochemical production.
Gazprom and National Iranian Oil Company inked a Memorandum of Understanding to collaborate on the construction project for the Iran-Pakistan-India gas pipeline.
The Memorandum is based on the Memorandum of Understanding signed by the Russian Energy Ministry and the Iranian Petroleum Ministry as part of the state support for the pipeline construction project.
Thanks to the Memorandum, Gazprom and NIOC will, inter alia, start developing a feasibility study for the design, construction and operation of the Iran-Pakistan-India gas pipeline.
Gazprom and NIOC also signed a MoU in which the two companies will develop a concept for a unified system of gas production, transmission and petrochemistry based in Iran.