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Rudaw

Iran

Russia ready to invest in Iran’s oil sector: Khamenei aide

By Rudaw 12/7/2018
Russian President Vladimir Putin (R) shakes hands with Ali Akbar Velayati, senior advisor to Iran’s Supreme Leader, after a meeting outside Moscow on Thursday. Photo: Alexei Druzhinin/Sputnik/AFP
Russian President Vladimir Putin (R) shakes hands with Ali Akbar Velayati, senior advisor to Iran’s Supreme Leader, after a meeting outside Moscow on Thursday. Photo: Alexei Druzhinin/Sputnik/AFP
ERBIL, Kurdistan Region – Russia is ready to invest in Iran’s oil sector, a senior advisor to the Supreme Leader said after a “constructive” meeting with Russian President Vladimir Putin on Thursday. 

Ali Akbar Velayati went into the meeting with messages for Putin from Ayatollah Ali Khamenei and President Hassan Rouhani that stress the importance of strategic ties between Russia and Iran. 

“The present situation is very sensitive. The world is under the influence of a rebel as the president of the US. Thus, collaborations get more and more necessary,” Velayati told Putin in their meeting in Moscow, IRNA reported. 

Speaking to Iranian state TV afterwards, Velayati said the meeting had been “very constructive and friendly,” Reuters reported.

“Putin said that Russia is prepared to continue its oil investment in Iran at the level of $50 billion,” he said.

A major Russian oil company, which Velayati did not name, has signed a $4 billion deal that will be “implemented soon,” while Rosneft and Gazprom are in talks to sign contracts potentially reaching $10 billion, he detailed. 

The investment is urgently needed in Iran has multinationals are pulling out ahead of US sanctions, due to start coming into force in early August. Oil-related sanctions will be introduced in November. 

Velayati said the Russian investments could compensate Iran for the withdrawal of other foreign oil companies. 

“Putin reiterated that Russia rejects America’s decision to impose sanctions on Iran,” Velayati said. “He said Russia will stand by Iran and will defend Tehran’s rights.” 

Velayati said Iran would also like to see development of ties in the fields of defence, security, and nuclear technology. 

A statement from the Kremlin said Putin reaffirmed Moscow’s commitment to the nuclear deal, despite the US pulling out of the agreement. The Kremlin statement did not confirm the oil investment. 

With the economy under threat and the currency losing value, top Iranian officials have been touring the globe to shore up support and improve Iran’s international relations, foreign ministry spokesperson Bahram Qasemi told IRNA news on Thursday. 

US President Donald Trump said he is confident Iran will cave under the economic pressure and seek a new deal. 

“I know they’re having a lot of problems and their economy is collapsing. But I will tell you this: at a certain point they’re going to call me, they’re going to say ‘Let’s make a deal.’ They’re feeling a lot of pain right now,” he said at a press conference at a NATO summit in Brussels on Thursday. 

The remaining signatories – Russia, China, and European nations – are committed to upholding the nuclear deal. 

Rouhani has said Iran will remain in the agreement if its interests are secured. 

Comments

 
kurdistani where are you | 15/7/2018
the eu is the only place on earth that is dump enough to need oil from its own enemies. while it could self sustain from islands h2 recources that are endless.as if eu by buying oil is actually enforcing civil war upon those who deliever it.
destiny | 15/7/2018
i didnt know russia was in desperate need for oil. or does it want to short circuit iran embargos? if this is the goal we all better stop driving cars with gasoline.
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