Gazprom ties up with National Iranian Oil Company

Iranian President Mahmoud Ahmadinejad and Gazprom chairman Aleksey Miller (AFP Photo / Atta Kenare)
Gazprom and the National Iranian Oil Company have reached an agreement to set up a joint venture for oil and gas projects in Iran, Russia and third countries.

The agreement was made during Aleksey Miller's visit to Iran. The Iranian side also asked for long-term Russian gas imports into northern Iran. Iran holds second place in the world for its volume of proven gas reserves.