Gazprom and Iran sign a tentative $40BN energy deal as Russia threatens the Europe gas supply. Gazprom will help the NIOC construct six oil fields in addition to the offshore gas reserves in the Kish and North Pars regions.
At the same time that President Putin is in Tehran meeting with Iranian President Ebrahim Raisi and Turkish President Recep Tayyip Erdogan, Russian state energy company Gazprom has struck a significant contract with Iran for billions. The deal also arrives at a precarious time when Gazprom has stated that it cannot guarantee gas supplies to Europe and the IMF is telling European governments and citizens to start restricting gas usage in preparation for an impending supply "emergency"
Furthermore, both nations are subject to extensive sanctions imposed by the US. Nevertheless, on his second overseas trip since the start of the Ukraine Conflict, President Vladimir Putin arrived in the Iranian capital on Tuesday with conviction. One regional report's analysi...
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