The CEO of Sina Energy Gostar Holding, affiliated to Mustazafan Foundation, Mohammad Ziyar underlined the details of a document signed during the recent visit of Iranian Oil Minister Javad Owji to Russia in order to cooperate in the implementation of the Rafsanjan-Mashhad oil products pipeline (supplying the Eastern energy market), known as “Tabash” Pipeline.
“Based on the negotiations, this 948-kilometer pipeline from Rafsanjan to Mashhad, along with two pump stations and three terminals, will be implemented under an EPC+F contract with the cooperation of Sina Energy Gostar Holding and the Russian firm,” he underscored.
The official said implementation of this project will take four years, and it is decided that the Russians will provide financial resources for this project.
The project’s design, equipment supply and implementation will also be carried out by the companies affiliated to the Mustazafan Foundation, he added.
“By operating this pipeline, it will be possible to transfer oil products with a capacity of 150,000 barrels per day,” Ziyar continued.
Since Tehran and Moscow enjoy common interests in economic, military, and security affairs as well as friendly relationship pursue common policies on regional and international developments especially when it comes to taking stances in the face of the United States’ unilateral and interventionist strategies.
Iran and Russia have grown exchane of visits by officials to speed up expansion of relations in recent months.
In August, Iranian Foreign Minister Hossein Amir Abdollahian visited Moscow and held meeting with his Russian counterpart Sergei Lavrov. The diplomat said Moscow-Tehran comprehensive document of relations is in the final stage, and added that the relationship between Iran and Russia is on track to enhance to strategic levels.
Back in June, the Russian foreign minister visited Iran for talks on boosting trade and energy cooperation.
In late May, Iranian and Russian officials in a meeting in Tehran inked 3 important Memoranda of Understanding (MoU) to further develop the two countries’ energy and banking ties. The MoUs were endorsed in a meeting attended by Iranian Oil Minister Javad Owji and Russian Deputy Prime Minister Alexander Novak.
Back in January, Iranian President Seyed Ebrahim Rayeesi visited Moscow and held a meeting with President Vladimir Putin. Rayeesi stated he had presented Putin with draft documents on strategic cooperation that would cement collaboration between the two sides for the next two decades.