Tehran assesses positively the prospects for the participation of Russian oil and gas companies in Iran's oil and gas projects. In particular, Gazprom, as part of an international consortium, continues developing the South Pars gas field project in Iran. More than 50bn cubic meters of gas have been produced there since the development of the field began. In addition, Gazprom's participation in building the Iran-Pakistan-India pipeline is being considered.

Other Russian companies also participate in the development of oil and gas field projects in Iran. So, one of Russia’s oil companies has implemented contracts on the geological exploration of a number of Iranian oil fields.

Russian-Iranian nuclear energy cooperation continues. Despite pressure from the United States, Russia is building the Bushehr nuclear power station in Iran. The implementation of this project, estimated at $1bn, prepares conditions for further expansion of bilateral cooperation in the sphere of nuclear energy.

Russia and Iran are interested in implementing joint investment projects, Yevgeny Primakov, the head of the Russian Commerce and Industry Chamber, said at a meeting of the bilateral trade and economic cooperation commission. He said that in his opinion, the most promising projects in Iran for Russian companies were projects in the following spheres: the modernization of metal companies, the development of the so-called North-South transport corridor, equipment supplies and the exploration of natural resources.