November 12, Iranian Communications and Information Technology Minister Reza Taki Poole said in Moscow that Iran hopes in 2016 with the Russian oil and gas company signed the first oil and gas contracts.

10 to 12 November, Russia – Iran Committee held a series of meetings in Moscow to discuss the investment of joint projects between the two countries.

Russian Energy Minister Novak has said that bilateral trade volume between Russia and Iran could reach $ 10 billion in the short term.

By the end of October, Novak led the Russian delegation visited Iran to discuss bilateral cooperation in the oil sector of issues relating to Iran peers. In July, Iran and the world’s six countries reached a program to monitor and limit Iran’s nuclear program in exchange for an agreement to reduce the international sanctions, which opens the way for Iran to continue the implementation of energy projects.