Russia’s Ambassador to Tehran, Levan Dzhagaryan, stated that his country is considering to form a consortium to take up development projects in Iran’s oil and gas sectors with the participation of Russia’s biggest energy firms Lukoil, which has plans to invest in two oil fields located in Ahvaz in Iran’s southwestern province of Khouzestan, and Gazprom, which is finalizing the text of their agreement with the National Iranian Gas Company (NIGC) on developing  a third gas field in the country,  Trade Arabia reported.

Dzhagaryan said that “memorandums between Gazprom and the National Iranian Oil Company, as well as between Gazprom Neft and the National Iranian Oil Company on the development of oil and gas fields are at the stage of being agreed,” according to Press TV.

Gazprom had been previously involved in the development of Phase 2&3 of Iran’s South Pars energy zone.  The company was also considering the development of Azar oil field which Iran jointly shares with Iraq but later abandoned the scheme.