Moscow and Tehran to sign gas swap agreement soon

An agreement of gas swap suppliers between Iran and Russia will concluded shortly, Iranian Oil Minister Javad Owji said on Wednesday.

"The final agreement on import and gas swap supplies from Russia will be signed in the near future in Moscow between the Russian side and the National Iranian Gas Company," the Minister said, cited by Shana news agency.

Moscow and Tehran agreed upon development of seven oil and gas fields in Iran, Owji said.

"We currently have agreements with Russia on development of seven oil and gas fields," the Minister said. "Talks on fourteen other fields continue," he added.