Russia, Iran Plan Some $40 Billion in Joint Mid-Term Investment Projects

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Russian Energy Minister Alexander Novak said that Russia and Iran moved on to some sort of a list of projects with an overall value of around $35-$40 billion.

Russian Energy Minister Alexander Novak, left, and Iranian Oil Minister Bijan Zanganeh - Sputnik International
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MOSCOW (Sputnik) – Russia and Iran plan to invest upward to $40 billion in joint mid-term projects, Russian Energy Minister Alexander Novak said Friday.

“In my view, from all of the agreements and discussions from yesterday, we have moved on to some sort of a list of projects with an overall value of around $35-$40 billion. This is obviously not for one year, but for a certain mid-term period of time because there are some projects that are long-term,” Novak said in an interview with Russia’s Rossiya-24 television channel.

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