The MoU was signed by the chief of Iran’s Institute for International Studies and the CEO of Russia’s Roscongress Foundation, SHANA reported. The two organizations—sharing similar footing over Western sanctions of its oil and gas exports—will team up to study proposed projects for energy cooperation between the two countries. The groups will also form a think tank to study and pursue joint collaborations in terms of energy.
On Wednesday, Owji disclosed that the two countries both had access to significant reserves of hydrocarbons and said that MoUs had been signed with upstream and downstream companies in Russia, adding that oil and gas cooperation between the two countries was one of the primary reasons for the visit to Moscow. This week’s visit follows Alexander Novak’s visit to Iran back in May, where he highlighted the benefits of increased cooperation between Iran and Russia in the areas of oil and gas.