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Russia to provide Iran with $5bn credit
Iran says Russia has agreed to issue a credit line for it worth $5 billion over the implementation of joint projects.
Presstv.com
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Officials in Tehran said on Wednesday that Russia has pledged to issue a credit line of $5 billion for joint projects with Iran.
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Mahmoud Vaezi, Iran’s minister of communications and information technology, told reporters that the credit line is expected to usher in a new era in Iran-Russia economic relations.
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Vaezi made the comments after a meeting with the visiting Russian Energy Minister Alexander Novak who is heading a 50-member delegation to Tehran for key trade talks.
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He further added that Novak is scheduled to hold a series of crucial meetings during his two-day stay in the Iranian capital.
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Other officials he will meet include First Vice-President Es’haq Jahangiri as well as Minister of Roads and Urban Development Abbas Akhundi.
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Earlier Wednesday, officials from Russia’s Energy Ministry said the country is exploring the possibility of providing Iran with a credit of $5 billion for joint projects.
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"The Russian side is considering a request from Iran for receipt of a credit of $5 billion for the construction, by Russian companies, of infrastructure, transport, geological exploration and other facilities," a representative from the ministry said.
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Novak arrived in Tehran on Wednesday to discuss bilateral ties particularly the expansion of mutual cooperation in the area of oil industry.
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Officials said before his visit that he will discuss Iran-Russia cooperation in energy field as well as such major topics as the situation of global oil prices and cooperation between OPEC and non-OPEC oil producing countries during his stay in Tehran.
Officials in Tehran said on Wednesday that Russia has pledged to issue a credit line of $5 billion for joint projects with Iran.
.
Mahmoud Vaezi, Iran’s minister of communications and information technology, told reporters that the credit line is expected to usher in a new era in Iran-Russia economic relations.
.
Vaezi made the comments after a meeting with the visiting Russian Energy Minister Alexander Novak who is heading a 50-member delegation to Tehran for key trade talks.
.
He further added that Novak is scheduled to hold a series of crucial meetings during his two-day stay in the Iranian capital.
.
Other officials he will meet include First Vice-President Es’haq Jahangiri as well as Minister of Roads and Urban Development Abbas Akhundi.
.
Earlier Wednesday, officials from Russia’s Energy Ministry said the country is exploring the possibility of providing Iran with a credit of $5 billion for joint projects.
.
"The Russian side is considering a request from Iran for receipt of a credit of $5 billion for the construction, by Russian companies, of infrastructure, transport, geological exploration and other facilities," a representative from the ministry said.
.
Novak arrived in Tehran on Wednesday to discuss bilateral ties particularly the expansion of mutual cooperation in the area of oil industry.
.
Officials said before his visit that he will discuss Iran-Russia cooperation in energy field as well as such major topics as the situation of global oil prices and cooperation between OPEC and non-OPEC oil producing countries during his stay in Tehran.
