Iran Economy News Russia, Iran sign energy cooperation pact

Russia, Iran sign energy cooperation pact

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Reuters: The Russian and Iranian energy ministries signed a “road map” on Wednesday outlining long-term energy cooperation and said they would aim to set up a joint bank to help fund bilateral projects.

MOSCOW July 14 (Reuters) – The Russian and Iranian energy ministries signed a “road map” on Wednesday outlining long-term energy cooperation and said they would aim to set up a joint bank to help fund bilateral projects.

The text of the pact said the two countries would aim to increase cooperation in transit, swaps and marketing of natural gas as well as sales of petroleum products and petrochemicals.

(Reporting by Jessica Bachman, writing by Dmitry Zhdannikov; editing by Melissa Akin)

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