BREAKING NEWS

Iran's Rouhani signals expansion in energy cooperation with Russia

By REUTERS

MARCH 27, 2017 12:50

DUBAI - Iranian President Hassan Rouhani said on Monday that Tehran welcomed Russian investment in its gas and oil fields, signaling major developments in energy cooperation between the two countries.

"There is a huge potential for Russian investment in Iran's energy sector," Rouhani told reporters at Mehrabad airport in Tehran before departing for Moscow.

"Some oil and gas fields have been suggested to Russian companies... We will see a big development in energy cooperations," he said in a news conference broadcast live on state television.

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