Iran seeks cooperation with Russia and China to sidestep sanctions

Iran national flag
Source: DollarPhotoClub

Iranian Deputy Oil Minister for Planning Mansour Moazzemi announced that the country has started a new set of cooperation with Russia and China to confront the sanctions imposed by the western states – Iran’s news agency Fars reported yesterday.

“We have started a serious job with the Chinese and Russians (in the energy sector) in such a strong way that the oil minister has now been appointed as the head of Iran-Russia joint economic commission instead of the foreign minister and we have started a good job to make use of the common capacities and capabilities,” Moazzemi said in a press conference at the venue of the oil ministry on Monday.

“Russia is Iran’s strategic partner and we will cooperate with them in any area we can, including oil,” he added.

“We have also started a serious job with the Chinese which will be revealed to the public in the future,” Moazzemi said.

Mr Moazzemi made it clear that Iran’s cooperation with Russia and China is aimed at sidestepping the sanctions levied against Iran. Iran and Russia are expected to sign an agreement to strengthen economic cooperation, another deputy oil minister said today.

Iran is also interested in tightening economic ties with China; already a main purchaser of Iranian crude which amounts to 12 percent of China’s total annual oil consumption.

A senior energy official announced in August that Iran was cooperating with renowned Chinese and German energy firms in its shale gas and oil projects.

“We are negotiating with Germany to use their advanced technology for the hi-tech section of Lorestan shale projects,” Hormuz Qalavand, the exploration director of the National Iranian Oil Company (NIOC), told FNA.

Qalavand noted that Iran was also cooperating with a Chinese company on the hi-tech parts of its gas hydrate project in the Sea of Oman.

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