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Iran and Russia signed ten agreements for cooperation in the oil industry, including six MoUs, two contracts, one agreement, and a roadmap pertaining to bilateral cooperation in the industries of technology transfer and oil recovery enhancement. The agreements aim to enhance economic cooperation, particularly in technology transfer and oil recovery. Both countries expressed support for each other within OPEC and discussed the integration of banking systems and currency utilization in bilateral trade. Implementation of the agreements is expected soon, with optimism for increased trade volume in the future.

Iran and Russia sign 10 oil cooperation agreements

Iran and Russia signed ten agreements for cooperation in the oil industry, including six MoUs, two contracts, one agreement, and a roadmap pertaining to bilateral cooperation in the industries of technology transfer and oil recovery enhancement. The agreements aim to enhance economic cooperation, particularly in technology transfer and oil recovery. Both countries expressed support for each other within OPEC and discussed the integration of banking systems and currency utilization in bilateral trade. Implementation of the agreements is expected soon, with optimism for increased trade volume in the future.

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