The purchases will be carried out via Promsirieimport. a trading unit of Russia'.s Energy Ministry.
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Tehran'.s purchase of natural uranium is monitored by the International Atomic Energy Agency.
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Total plans to sign a contract if Iran respects an international nuclear treaty and if the US sticks to it.
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The IAEA report said Iran remained below the limit of 130 tons of heavy water. which can be use in a nuclear reactor.
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As per the international law. a multilateral deal cannot be put up for renegotiation.
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Russia could potentially invest at around 20 billion dollars in Iran’s oil and natural gas production and exploration.
Read More »Oil Prices Over $55 Per Barrel Harmful for OPEC
An increase in oil prices to more than $55 (£44) per barrel was not in the interest of OPEC.
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Russia will be cooperating with an OPEC decision last November to cut production levels and will be reducing its oil output by 300.000 bpd.
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Airbus is the world’s Number 2 jet maker after Boeing. a US-based multinational plane manufacturer.
Read More »Iran Aims to Purchase 12 Russian Passenger Aircraft
The potential of agreements in this sphere could be valued at $20 billion
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