(MENAFN) Russia intends to invest in Iran's oil and gas sector if the latter offers more attractive conditions, said the Russian Ambassador to Tehran Levan Dzhagaryan, according to Iran Daily.
Dzhagaryan said: "If the attractiveness of participation conditions for Russian companies in oil and gas extraction projects is increased, most likely we will see in the future not just companies traditionally active in Iran, but others as well."
Oil Minister Bijan Namdar Zanganeh has ordered a review of buyback oil contracts in August 2013 in a bid to make them more attractive for potential foreign investors.
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