Russia will Help Iran Build Compressed Gas Plant

The National Iranian Gas Company (NIGC) and Russia`s Gazprom are mulling to sign an agreement to construct a compressed gas plant in Iran. media reports said.
The two sides are likely to finalize a contract at St. Petersburg International Economic Forum which will kick off later this week. Russian-language media reported.
The St. Petersburg International Economic Forum (SPIEF) will take place from June 1-3. 2017. and brings together the chief executives of major Russian and international companies. heads of state. political leaders. prime ministers. deputy prime ministers. departmental ministers. and governors.
The event aims at macroeconomic cooperation as well as multilateral and regional partnership among the countries.
Gazprom. which was active for several years in the South Pars gas field. worked in the second and third phases of the field since 1997. however stopped work after anti-Iran sanctions.
On March 28. National Iranian Gas Company and Gazprom signed a memorandum of understanding (MoU) in Moscow. in the presence of Iranian President Hassan Rouhani and his Russian counterpart Vladimir Putin. based on which Gazprom and NIGC agreed to develop mutual cooperation.

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