Russian And Iran Ink $40 Billion Oil And Gas Agreement

Ahead of Russian President Vladimir Putin’s visit to Iran on Tuesday, his second foreign trip since he invaded Ukraine in February, Russian Gazprom and the National Iranian Oil Company have inked a $40-billion agreement for the development of oil and gas fields.  Moscow and Tehran signed the $40-billion Memorandum of Understanding (MOU) just ahead of Putin’s arrival in the Iranian capital. The deal, in its preliminary form, will see Gazprom assist Iran’s state oil company in the development of both oil and gas fields and…