Code: 82002314 (5230257) | Date: 14/03/2016 | Time: 18:30|
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Iran, Russia prepared for effective steps to stabilize oil market

Tehran, March 14, IRNA – Minister of Petroleum Bijan Zangeneh said on Monday that Tehran and Moscow would adopt measures to exercise effective role for the world energy market.

He made the remarks in the meeting with Russian Minister of Energy Alexander Novak.
Zangeneh said that Iran is following up a sustainable policy, strategic and long-term cooperation with Russia, especially on energy.
He said that Iran and Russia may have an effective cooperation with each other in the field of commercial sector of oil, gas and swap.
The Minister of Petroleum expressed hope that Iran would see active participation of Russian companies in its oil and gas projects.
Alexander Novak arrived in Tehran on Sunday evening on the head of a high ranking economic delegation.
Novak, who co-chairs joint economic cooperation commission, is to meet with Iranian ministers and senior economic officials of Iran.
Russian Energy Minister is to discuss cooperation with Iran on a plan called 'Oil Freeze' and holding OPEC emergency meeting.
European sanctions on Russia as well as disputes between Moscow and Ankara have increased demand for Iranian goods in Russia.
The joint economic cooperation commission meeting, which was held in Moscow last November, the two countries agreed to increase their economic exchange from the current level of two billion dollars to 10 billion dollars in a near future.

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