The two countries are boosting trade ties to offset Western sanctions
Russia and Iran set to close massive energy deal – official
Iran expects to sign a $40 billion agreement with Russian energy major Gazprom in December, Iranian Deputy Foreign Minister Mahdi Safari said this week.
“We have closed a $6.5 billion deal with Gazprom. We hope that the remaining agreements totaling $40 billion will be signed next month,” Safari told ISNA news agency, adding that negotiations are underway.
The National Iranian Oil Company and Gazprom agreed in July to cooperate in the development of two gas deposits and six oilfields in Iran. The document also includes swaps in natural gas and oil products, the implementation of LNG projects, and the construction of gas pipelines.
In early October, Russian Deputy Prime Minister Aleksandr Novak announced that Moscow and Tehran may agree to a swap of 5 million tons of oil and 10 billion cubic meters of gas, to be completed by the end of the year.
On Tuesday, Novak said that Russia and Iran have already started swap deliveries of energy resources, in particular petroleum products, and agreed to expand the list of traded goods. He also noted that “the amount of Russian investment in Iran’s oil fields will increase.”
The development comes as Russia and Iran rapidly expand their energy and trade ties amid the Western sanctions imposed on both nations. Barter deals help the countries avoid settlement issues presented by the Western financial system. They also enjoy direct trade links via the Caspian Sea.
Iranian Petroleum Minister Javad Owji said at the bilateral forum that the public and private sectors in both countries are looking to “neutralize the sanctions.”
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Ghana is interested in purchasing a floating nuclear power plant from Russia, Ghanaian Ambassador to Russian Koma Steem Jehu-Appiah told Sputnik.
"I know that our minister of energy was here last year and signed a corresponding agreement. I think this is innovative, and in a conversation with the minister of energy, he said that the country is interested.
So, Ghana could purchase such a nuclear power plant," the diplomat said when asked about the possibility of Ghana purchasing a floating nuclear power plant.
Russia and Ghana began cooperation in the field of nuclear energy after signing an intergovernmental agreement in 2015.
The agreement outlined plans for joint work in the areas of training specialists, building nuclear power plants and related infrastructure, and providing maintenance services. In October 2023, representatives of Rosatom met with the Ghanaian Ministry of Energy in Cape Town. At the meeting, Russia proposed using floating nuclear power plants to supply power to ...
