Tehran-Moscow co-op to stabilize energy market: Russian expert

EghtesadOnline: A Russian expert says that his country's new agreements with Iran will make impact on the future of global energy market and stabilize it.

News ID: ۷۷۲۵۷۴

24 December 2016

Igor Morozov who is a member of the Council of the Federation Committee for Foreign Affairs told IRNA that Moscow-Tehran relations in the oil and gas industries will affect the future markets as the two enjoy rich oil and gas reserves.

Morozov, who had recently travelled to Tehran to attend Tehran-Moscow joint economic commission, described the last week energy deal between Russia's Gazprom and National Iranian Oil Company (NIOC) as very important.

According to the deal, Russia will study the Cheshmeh-Khosh and Changuleh oil fields in Iran.

About the latest decision made by Organization of the Petroleum Exporting Countries (OPEC) to decrease its production level, the Russian expert said the decision will raise the oil price and then stabilize it.

The expert further described the mid-December visit of the Russian delegation led by Energy Minister Alexander Novak to Iran as an indication of Moscow's serious determination to establish deeper trade exchanges with Tehran.