Alexander Novak’s meeting with Iranian Petroleum Minister Javad Owji

Deputy Prime Minister Alexander Novak met with Iranian Minister of Petroleum Javad Owji.

Alexander Novak’s meeting with Iranian Petroleum Minister Javad Owji

Javad Owji arrived in Moscow as part of the delegation of First
Vice President of the Islamic Republic of Iran Mohammad Mokhber for the 2nd
Caspian Economic Forum. The Russian Deputy Prime Minister stressed that the
Caspian Economic Forum is the largest platform in the post-pandemic period for
discussing current issues of cooperation between the countries of the Caspian
region, as well as friendly states bordering on them.

As the co-chairs of the Permanent Russia-Iran
Commission on Trade and Economic Cooperation, Alexander Novak and Javad Owji
discussed holding its 16th meeting from 30 October to 1 November 2022 in Russia.

Alexander Novak’s meeting with Iranian Petroleum Minister Javad Owji

The parties spoke about the prospects for cooperation
between Russia and Iran on the global oil and gas market and
possible joint projects in Iran,
as well as cooperation in the banking sector and in trade.

“The drafting of a new ambitious interstate agreement
between the Russian
Federation and the Islamic Republic of Iran
is entering its final phase. This document will bring multifaceted relations
between our countries to the level of strategic partnership,” said Alexander
Novak.

Russia is expected to send a large business delegation to Iran in the
near future.

From January to July 2022, bilateral trade between Russia and Iran increased by 44.9 percent
compared with January to July 2021 and amounted to $2.8 billion. According to
the Federal Customs Service of Russia, mutual trade between Russia and Iran went up by 81.4 percent in
2021 on 2020 – from $2.2 billion to $4 billion.