Russian Federation plans to open a $5 billion credit line for Iran to help finance joint infrastructure projects in the country, officials said October 22.
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The Russian energy minister made his remarks after chairing the Russian-Iranian intergovernmental committee on trade and economic cooperation. “Those are also projects related to supplies of oil and gas equipment, projects related to supplies of industrial equipment, helicopters, Sukhoi SuperJet aircraft”, Novak said. Zarubezhneft alone is considering several projects worth a total of around $6 bln.
The Iranian side also submitted a list of 21 projects, including development of transport logistics worth around $25 billion.
The invitation was delivered by Iran’s First Vice President Eshaq Jahangiri to the visiting Russian Energy Minister Alexander Novak on Thursday. Its biggest project to date is in Vietnam, where it has run the Vietsovpetro joint venture with state firm Petrovietnam since 1981.
Putin signed a presidential decree on April 13 making way for the long-overdue delivery of the missile defense system to Iran.
Russian Federation will take into account Iranian laws, its historical and cultural traditions, which are often ignored by foreign internet companies, said Nikiforov.
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Russia is ready to “open for Iran modern information and communication technologies, including those intended for programs and needs of the Islamic Republic”, said the Russian minister.
