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Novak: Iran hinders joint projects with Russia
Material posted: Publication date: 15-03-2016
Iran was delaying the implementation of contracts with Russia for the construction of thermal power plant in Bandar Abbas and the electrification of the railway in the area Garmsar - Inch - Boruna, imposing new conditions on prices, said energy Minister Alexander Novak.

Novak met in Tehran meeting with the Minister of information and communications technology of Iran Mahmoud Vaezi. "Projects need to be finalized, and not to put forward new conditions, as it inhibits their implementation. And the pricing corresponds to the world level", - said Novak in response to a comment Vaezi, reports TASS.

According to Vaezi, "the proposed contractual price was acceptable prior to the lifting of sanctions, and today it should be aligned with global prices".

Russia in 2016, expects to start funding two projects in Iran from the funds of the Russian state credit of $2.2 billion, the two agreements signed during the visit of President Vladimir Putin to Iran. According to the plan the projects are financed at the expense of the state credit up to $5 billion.

In February, Iran and Russia initialed the documents for opening a credit line of $2.2 billion under these two projects. Novak said then that the government loan is "legal registration".

The company "Tekhnopromexport" (enters into state Corporation "rostec") has signed a contract with the Ministry of energy of Iran on construction of two power plants with a total capacity of more than 2 thousand MW worth more than $3 billion.

Russian Railways and "organization of Iran Railways" signed an agreement on electrification of the railway section Garmsar - Inceburun length of 495 km value of 1.2 billion euros. According to preliminary estimates, the project will take about three years.


Tags: Iran , Russia , oil

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