Moscow and Tehran entered into transactions in the oil and gas sector for more than $40 billion

While Ukraine accuses Iran of supplying Russia with drones that it uses to destroy Ukrainian infrastructure and critical facilities, the Kremlin has signed oil and gas contracts for more than $40 billion with the Middle East state, Iranian Oil Minister Javad Ouji said.

«We signed a memorandum of understanding with Russia for $4 billion for the development of deposits, as well as an agreement on the construction of gas pipelines and installations for the production of liquefied natural gas (LNG) worth $40 billion,» TASS reports with reference to the ISNA agency.

❗️Moscow intends to start developing 6 oil and 2 gas fields located in Iran. The parties hope to sign the relevant agreement by the end of the year.

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