Iranian Petroleum Minister Masud Mirkazemi will meet with Russian Energy Minister Sergei Shmatko during a one day visit to Moscow on Wednesday, the Russian energy ministry said.
Iranian media sources earlier reported that an agreement on the preparation of a road map for cooperation between Iran and Russia in the energy sector is expected to be signed during the visit.
Iranian SHANA news agency on Monday cited Iranian Oil Ministry Official Hussein Ismaili as saying that the road map would lay out a cooperation program between the two countries for the next 30 years. The official also suggested that investors from Iran may be able to invest in the Russian oil and gas industry.
He said the road map would ensure collaboration between Russia and Iran in developing oil fields in both countries, as well as oil and gas fields in third countries.
The road map may also cover issues like oil trade between the two countries, the creation of joint ventures and the establishment of a joint energy bank, the official said.
The UN Security Council approved in June a new package of economic sanctions on Iran over its controversial nuclear program.
Last month Russian senior lawmaker Konstantin Kosachev said new sanctions on Iran would not affect Russia's energy or military cooperation with the Islamic Republic.
MOSCOW, July 14 (RIA NOVOSTI)
