During the visit of Russian President Vladimir Putin to the Islamic Republic of Iran, a Memorandum of Understanding for strategic cooperation was signed in Tehran by Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Mohsen Khojastehmehr, CEO of National Iranian Oil Company.

The document envisages the analysis of cooperation prospects, inter alia, in the following areas: development of Iranian oil & gas fields and oil fields, performance of swap transactions with natural gas and petroleum products, implementation of large-scale and small-scale LNG projects, construction of gas trunklines, and sci-tech and technology cooperation.