Russia

"Deputy Iranian oil minister said Russneft was eager to launch cooperation with Iran on swap of crude oil as well as on expansion of Iranian oilfields. Deputy Petroleum Minister of Iran for International Affairs Amirhossein Zamaninia made the remarks following a meeting in Tehran office on Monday with Otabek Karimov, Russneft Vice President (VP) in Commerce and Logistic, Andrey Laveez, the company's VP Chief Geologist and Vlada Rusakova, VP in gas business. The Iranian side stressed that the Russian oil giant has also indicated willingness to join development projects in Iran's oil fields including Azadegan, Maroun, Koupal and Yaran projects." (August 30, 2017).

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"RussNeft has no plans to take part in Iran’s oil and gas projects" (June 6, 2017).

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"A delegation from the major Russian oil company Russneft met officials from Iranian Ministry of Petroleum here on Wednesday with swap of oil and gas on agenda of negotiations. A joint committee was set up to continue the talks between the two sides, ministry sources told Shana." (Shana, "Russneft Officials in Tehran for Oil, Gas Swap Talks," 11/11/15)

"MOSCOW. March 7 (Interfax) - Russian state company Rosgeo and the Geological Survey of Iran (GSI) signed a memorandum of understanding on cooperation in geological exploration during a meeting of the Russia-Iran intergovernmental commission in Moscow on Tuesday, the company said. Rosgeo and GSI plan to cooperate in geological exploration for hydrocarbons, solid mineral resources and underground water, including offshore seismic surveys in the Iranian part of the Caspian Sea. Rosgeo has also reached an agreement with the Iranian Mines and Industries Development and Renovation Organization (IMIDRO) on cooperation in geological exploration of solid mineral resources." (March 7, 2018)

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"The president of the Russian Geological Society (RosGeo) said on Tuesday that the company is considering a plan to fund major oil, gas and ore projects in Iran. Russia's Rosgeo plans to work in different areas in Iran and is considering gas, oil, gold and ore projects, Chief Executive Officer Roman Panov told TASS in an interview on Tuesday. 'Geophysical exploration of gas fields in the South Caspian region and services of drilling technologies and enhanced oil recovery are considered in respect of hydrocarbons. We are viewing proposals on aerial geophysical studies of promising areas and prospecting of hardrock gold and lead and zinc ore in terms of solid mineral resources. We will also probably deal with research related to enhance gold recovery from refractory ore and assessment of salt deposits' reserves,' he said." (Tasnim, "Russia’s RosGeo Mulls Funding Major Projects in Iran," 11/10/15)

"The Russian Helicopters Holding Company (part of Rostec State Corporation) together with Iran Helicopters Support and Renewal Company (IHSRC) will test the light utility helicopter Ka-226T for its usability at extremely high temperatures. The tests will be conducted on the Iranian company site within the framework of a memorandum signed by the parties in May 2017 at the international exhibition HeliRussia-2017. The Ka-226T has already arrived at Iran and started its first test flights." (August 9, 2017).

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"Russian Helicopters and Iran’s Industrial Development & Renovation Organization (IDRO) have signed a memorandum of understand (MOU) for the assembly of the Russian Helicopters Ka-226 Ansat, the manufacturer said. "We recognize Iran's high demand for light-class helicopters for exploitation for the benefit of civilian agencies. The joint Russian-Iranian venture is considered the assembly of light helicopters Ka-226,” said Russian Helicopters General Director Andrew Boginsky. “The negotiations on this issue are continuing. Memorandum signed today suggests that in the shortest possible time will be entered into a full-fledged cooperation agreement.”" (March 29, 2017).

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Subsidiary of state-owned Rostec.

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"Rostec Helicopters was also in talks with Iran to sell new Russian medical helicopters. Rostec will also repair and upgrade a fleet of 50 Russian helicopters now operating in Iran." (AFP, "Work on new Russian nuclear reactors in Iran 'to start next week,'" 12/22/15) 

"The Russian Helicopters Company has signed contracts with the Iranian Helicopter Support and Renewal Company (PANHA) on upgrading its maintenance and overhaul facility for Mi-17 helicopters, the Russian company's deputy head said Wednesday. Two contracts have been reached to 'in compliance with the memorandum signed in October 2015 with the PANHA factory on its retrofitting,' Alexander Shcherbinin told RIA Novosti at the Dubai Airshow in the United Arab Emirates." (Tehran Times, "Russia, Iran sign deal on Mi-17 helicopter service center upgrade," 11/12/15) 

"Despite objections from the United States, Moscow could be inching closer to a deal with Tehran whereby the Islamic Republic of Iran could obtain the advanced S-400 Triumf missile air defense system [which was developed and produced by Almaz-Antey]. [Russian] Ambassador Levan Jagarian told the Resalet daily newspaper that Russia saw no problem in moving forward with a sale of the platform when the United Nations arms embargo on the Islamic Republic expires on October 18.

'We are not afraid of the U.S. threats and we will live up to our commitments,' said Jaragain, and that reportedly included considering Iranian arms requests despite pressure from the United States and its allies to isolate the government in Tehran." (National Interest, "Is Russia’s S-400 Air Defense System Heading to Iran?" 1/13/21).

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In December 2016, Russia’s defense manufacturer Almaz-Antey and Iran’s Shiraz Electronics Industries signed an agreement on cooperation.

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Reuters: "Russian state arms producer Almaz-Antey said on Tuesday it would supply Iran with the advanced S-300 missile system once a commercial agreement is reached. The company's chief executive, Yan Novikov, confirmed Moscow had removed restrictions on deliveries to Tehran that were imposed under pressure from the West in 2010. He did not say when the deliveries might go ahead or how close a deal was. 'All restrictions have been lifted by the political authorities. When there is a contract, we will supply the system, including to Iran,' he told a news conference when asked whether Almaz-Antey would supply the missile system to Iran. President Vladimir Putin signed a decree in April ending the self-imposed ban on selling the S-300 system to Iran." (Reuters, "Russian firm to supply Iran S-300 missile system once deal agreed," 6/2/2015)

"The transactions with national currencies between Iran and Russia have always been discussed, but due to fluctuation in foreign currency rate, there are some issues that need to be fleshed out in details. Iran is trading with ruble via Mir Business Bank in Moscow and Astrakhan,' [the Director General of Europe and America at Trade Promotion Organization of Iran Behrouz Olfat] said." (Trend, "Iran seeks to integrate with Russia's 'Mir' payment system," 7/16/20)

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 "Bank Melli Iran, the nation’s biggest bank, is planning to establish a branch of its subsidiary Mir Business Bank–based in Russia– in Iran, a member of its board said." (January 24, 2018)

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"A Moscow-based subsidiary of Iran's state-run Bank Melli is facilitating money transfer between Iran and Russia, which are both slapped with US sanctions, Iran's ambassador to Russia says. 'Following measures undertaken by Bank Melli of the Islamic Republic of Iran, transfer of money between Iran and Russia through Mir Business Bank in Moscow and the foreign exchange section of Bank Melli in Tehran is possible at any level,' Mehdi Sanaei said in a meeting with a group of Iranian manufacturers based in the Russian capital. He said the previous obstacles like high tariffs on exports, money transfer restrictions and visa problems have been largely overcome." (PRESSTV, "Moscow-based bank facilitates Iran-Russia trade," 2/3/15)

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"Washington warned Moscow that the activities of a sanctioned Iranian bank in Russia could affect Russian banks that do business with the U.S., a Treasury official said. The bank, Moscow-based Mir Business Bank CJSC, has become a conduit for Iranian businessmen looking to keep trade flowing despite severe restrictions on Iran's financial system, according to trade records and Iranian businessmen who use the bank." (The Wall Street Journal, "U.S. Warns Russia on Iranian Bank," 12/11/12)

"Iran offers Russia’s energy company Rosneft to participate in oil extraction and refining projects in the country, Iranian Ambassador to Russia Mehdi Sanaei told Sputnik Tuesday. "Rosneft is cooperating directly with the Petroleum Ministry and the headquarters [for Executing the Order of the Imam (Setad)]… The headquarters has various projects, and Rosneft may invest and participate in them," Sanaei said, specifying that these projects include both oil extraction and its processing." (Sputnik, "Iran offers Rosneft to Take Part in Oil Extraction, Refining Projects," 10/26/2016).

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"Russian oil and gas company, RAO Rosneftegazstroy, has agreed to establish a petrochemical complex in Iran." (Trend, "Russian Co. to build Hormoz Petrochemical Complex in Iran," 9/17/14)

"Moscow and Tehran are in talks on supplying Russian grains to Iran in exchange for oil, Andrey Gormakh, first deputy chief executive of Russia's state grain trader, United Grain Company, was quoted as saying on Tuesday. Russia and Iran have been discussing their oil-for-food deal since early 2014, but are yet to agree on details, highlighting the difficulties the two major energy producers face due to sanctions from the West. RIA news agency quoted Gormakh as saying that United Grain Company was ready to supply between 1 and 2 million tonnes of grain to Iran per year. That would be worth between $250 and $500 million, according to Reuters calculations based on the current price for Russian wheat. 'This question is being discussed at the working meeting, but we've not been informed of the solution to the financial question,' RIA quoted Gormakh as saying on the sidelines of a Russian-Iranian business forum in Tehran." (Reuters, "Russia may exchange grain worth $500 mln for Iranian oil," 9/9/14)

According to the President of Iran's Chamber of Commerce, there is more generated interest in investment in Iran.  "Firms including energy giants Total SA and Royal Dutch Shell PLC; car maker PSA Peugeot Citroën; and financial firms Deutsche Bank AG and Russia's Renaissance Capital Ltd. have participated in presentations about investment in Iran." (WSJ, Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease, 7/1/14)

"Construction of the plant is estimated to cost €1.2bn, according to an agreement signed last year. Russia will finance 85% of the costs via an export loan from Moscow to Tehran, with a five-year tenor, while the remaining will be covered by Iran, reports Russian media outlet Sputnik. Russia’s Technopromexport, part of the state-owned industrial conglomerate Rostec, and Iran’s Thermal Power Plants Holding Company (TPPHC) will manage the development of the plant. Construction is expected to take four and a half years and will include 350MW energy blocks and a desalting facility with a capacity of 200,000 m3 per day." (March, 2017).

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"MOSCOW (Sputnik) – Moscow and Tehran reached a preliminary agreement in November 2015 to allocate a $5-million loan to Iran, part of which the head of Rostec state technologies corporation said would be used by Technopromexport to construct a thermoelectric power plant in Iran. Rostec is Technopromexport's parent company."

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"Russia's Technopromexport is negotiating to build five power plants in Iran's East Azarbaijan province. Two power plants, each with 450MW output, two power plants, each with 350 MW output, and one power plant with 125 MW output, will be built if the company reaches an agreement with the Energy Ministry of Iran, Iran's Mehr news agency reported on June 29. 'Russia and Iran may sign an intergovernmental agreement this year on building from four to eight nuclear reactors, and, under the deal, the contract for the construction of the first two reactors as additions to Bushehr [nuclear power plant],' a source informed of the contract's negotiation process told Reuters on May 22."  (Trend, "Russia’s Technopromexport negotiating to build power plants in Iran," 6/29/14)

“Russian company, Rusagro, has announced readiness to invest in Iran's Amirabad Port. Rusagro is one of the largest agriculture industry holding companies in Russia and the CIS. The holding's activity can be divided into sugar, meat, vegetable oil, and fats production. A representative of Rusagro paid a visit to Iran's northern Amirabad Port and said that conditions were provided for investment by the company in Amirabad, Iran's Mehr news agency reported on June 25.” (Trend, "Rusagro ready to invest in Iran’s Amirabad Port," 6/25/14)