On July 19, 2022, the National Iranian Oil Company (NIOC) signed a memorandum of understanding (MoU) with Russian gas company Gazprom worth close to $40 billion. The deal was signed by the CEOs of both companies during a virtual ceremony on the same day that Russian President Vladimir Putin arrived in Tehran for a summit with his Iranian and Turkish counterparts (Radio Free Europe/Radio Liberty, July 19, 2022).
The expansion of the Kish and North Pars gas fields, enhancement of the South Pars field, development of six new oil fields, increased…What Will $40 Billion In Russian-Iranian Energy Deals Look Like
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