Russian state oil company Zarubezhneft is interested in signing a geological exploration contract with Iran, the company's CEO Nikolai Brunich said on Wednesday.

"We are interested in the southern part of the Caspian Sea," Brunich said, adding that the company had already worked there in the 1990s and possesses some geological data.

"If we manage to sign a geological exploration contract, it will be positive (for Zarubezhneft)," he said.

A consortium may include Zarubezhneft, the state oil company of Iran and probably another Russian oil enterprise. The question is currently under discussion, Brunich said.

Iranian Oil Minister Seyed Massoud Mir-Kazemi is presently on a visit to Russia and has met with Russia's Energy Minister Sergei Shmatko to discuss energy cooperation.

MOSCOW, July 14 (RIA Novosti)