Iran, Russia Agree to Improve Cooperation in Energy Sector

Iran and Russia have agreed to improve collaboration in the development of energy sector in Iran.
In a meeting attended by Iran’s Energy Minister Reza Ardakanian and Managing Director of Russian Power Machine Company Alexander Konyukhov in St. Petersburg, the Russian side expressed its readiness to finance and implement Iran’s power plant projects, the Energy Ministry’s news portal Paven reported.
The Russian engineering company has been contracted by Moscow to use Russian funds to build a power plant in southern Iran. Iranian companies and manufacturers will also contribute to the project.