Iran, Russia sign cooperation document, four MOUs on trade, energy
Iran and Russia have signed a cooperation document and four memoranda of understanding (MOUs) following two days of expert-level discussions in Tehran.
The documents were signed on Wednesday during the 19th session of the Permanent Iranian-Russian Commission on Trade and Economic Cooperation, chaired by Iranian Minister of Petroleum Mohsen Paknejad and Russian Minister of Energy Sergey Tsivilyov at the Oil Ministry’s building.
The signed documents include two MOUs between Iran’s National Standard Organization and its Russian counterpart, one MOU concerning research activities with the Oil Industry Research Center, and a fourth MOU in the field of social affairs, signed by Iran’s Ministry of Cooperatives, Labour, and Social Welfare.
Following the signing, Paknejad and Tsivilyov responded to questions from journalists in a press conference.
Paknejad expressed his satisfaction with the outcomes of the meetings, saying that these agreements reflect the “tangible results” of Iran-Russia cooperation.
Focusing on energy and oil, he highlighted ongoing projects between Iran and Russia in the development of seven oil and gas fields under four contracts with Russian companies. Some of these projects have already reached production, demonstrating the tangible outcomes of their investments.
He also emphasized the excellent opportunity provided by the regular meetings between the two countries, particularly the annual sessions held in May and late February, to fully leverage the potential of their cooperation across multiple sectors.
Paknejad further noted that in the current international climate, these collaborations hold significant importance and can have a meaningful impact both domestically and internationally.
The current round of sessions began in Tehran on Monday, with officials and business leaders from Iran and Russia participating in meetings of 17 expert sub-committees to plan and discuss joint projects.
Iran and Russia have significantly expanded their economic relations since 2022, when Moscow came under Western sanctions due to its military confrontation in Ukraine.
Economic ties between the two sides further expanded in March 2025 when Iran implemented a free trade deal with the Russia-led Eurasian Economic Union (EAEU).
Moscow has also committed to investment in several key transportation and energy projects, including a major railroad in northern Iran.
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