Iran has stated its interest in attracting investments from Russian oil companies to help develop its oilfields, Russia’s TASS news agency said on Monday, quoting Iranian Oil Minister Bijan Zanganeh. Iran is hoping to not only attract investments into its oil industry, but looking to increase its energy cooperation with Russia to offset the harsh U.S. sanctions that have reduced its oil exports over the last year. Deputy Prime Minister Alexander Novak met with the Iranian Oil Minister this week . “A broad range of trade and economic cooperation matters is also successfully explored between our countries. Although this year has become a tough challenge for the whole global community, economic relations between Russia and Iran do not lose prior dynamics but become more active and meaningful instead,” Novak said. The talks come at a time when iran is hit particularly hard by the effects from the Covid-19 pandemic, […]