Tehran and Moscow sign cooperation documents as energy talks advance under bilateral commission framework

Iran has declared its full readiness to attract foreign investment into the development of its oil and gas fields, as energy cooperation with Russia advances under a new round of bilateral agreements, as reported by Tabnak, a partner of TV BRICS.

The 19th session of the Iran–Russia Joint Commission on Economic Cooperation covered a broad range of areas, including rail transport, healthcare, education, logistics and technical standards. Officials described the outcome as the culmination of a year of sustained negotiations and intergovernmental coordination. With the conclusion of the current session, chairmanship of the joint commission has passed to the Russian side, formally launching preparations for the 20th round of talks.

In the energy sector, Iranian authorities confirmed that the necessary infrastructure has been prepared to facilitate potential gas imports from Russia, with negotiations on supply mechanisms ongoing. At the same time, cooperation in upstream oil development continues to expand. Seven oil fields have been allocated to Russian partners, and projects are currently under implementation.

According to the source, the previously announced US$40 billion memorandum of understanding between Iran and Russia remains valid, with discussions under way to convert framework agreements into binding operational contracts. Several projects have reportedly entered the contractual phase, with authorities indicating that tangible results are expected next year as implementation accelerates.