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News // Russia

Iran and Russia set to boost energy ties

20 September 2017 , 12:09Neftegaz.RU806

The Industrial Development and Renovation Organization of Iran (IDRO) and Russian Trade and Economic Development Council (RTEDC) signed an agreement in Tehran on September 19, 2017, to expand cooperation in oil and gas, renewable energies and auto industries.


The agreement also addresses a $2.5 billion financing for co-manufacturing of 1,000 freight, passenger and subway wagons during a 3-5 year period.

The deal was signed by IDRO and Russia’s Transmashholding in Tehran.


Central Bank of Iran Governor Valiollah Seif aid in August that 3 European countries including Austria, Denmark and Italy are set to open €22 billion credit lines for financing projects in Iran which in addition to the €8-billion credit line to be secured by South Korea’s Eximbank the total value of loan deals will reach €30 billion after the implementation of the nuclear deal in 2016.


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