Moscow and Tehran are strengthening trade and economic cooperation. In January-July this year, trade between the countries increased by 44.9% and reached $2.8 billion.
Iran will supply 40 gas turbines to Russia under a related agreement. This is what the managing director of the Iranian Gas Engineering and Development Company (IGEDC), Reza Noshadi, said, Tasnim reported on Monday, October 24.
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“85% of the equipment and facilities required for the functioning of the gas industry are made in Iran. For this reason, we concluded an agreement with Russia on the supply of 40 Iranian-made gas turbines,” he said.
Earlier it was reported that Russia and Iran signed deals in the oil and gas industry for $ 40 billion. We are talking about the development of gas and oil fields in Iran, as well as the completion of projects for the supply of LNG.
According to Russian media, Moscow and Tehran are currently strengthening trade and economic cooperation. In January-July this year, bilateral trade increased by 44.9% compared to January-July 2021 and reached $2.8 billion. According to the Federal Customs Service of Russia, in 2021 the volume of mutual trade between Russia and Iran will increase by 81.4% – from 2.2 billion to $4 billion.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.