MOSCOW, December 13 (RIA Novosti) - Trade between Russia and Iran more than doubled in January-September 2007 to $2.2 billion, the Russian co-chairman of the bilateral inter-governmental commission said on Thursday.

Sergei Kiriyenko, who was yesterday appointed by the Russian president to head state-controlled nuclear power corporation Rosatom, and Iran's Foreign Minister Manuchehr Mottaki chaired on Thursday a session of the inter-governmental commission.

Iran has proposed that both countries should establish consortiums in electric power, energy and other spheres and set up an investment fund for the implementation of joint projects, Mottaki said.

"The establishment of a gas company could become another area of mutual cooperation," Mottaki said.

The Iranian diplomat also said the drafts of Russian-Iranian agreements on air transport and investment were almost ready and could be signed soon.