“In 2024, Russia was Iran’s biggest foreign investor,” embassy news outlets quote Jalali as saying.
According to diplomats, the amount of Russia’s investment in gas projects on Iran’s territory would be BLN of $8. “According to the agreement between the two countries, Russia plans to invest $8 BLN in Iran’s gas projects, which include $5 BLN on a specific commitment, and the agreement regarding the remaining contracts will be finalized in the near future,” the embassy news agency said.
In fiscal year 2022-2023, Russia became Iran’s biggest investor, investing $2.76 in the country’s economy. The total amount of foreign direct investment in Iran for the fiscal year was BLN of $4.2.
In January 2025, Russian Energy Minister Sergei Tsibilev announced that Moscow and Tehran had agreed to a gas pipeline route to Iran via Azerbaijan, and negotiations were in the final stages of price adjustments. Initial delivery volume can reach up to 2 bcm and can increase to 55 bcm. In April, Jalali said Iran had completed all the infrastructure needed to pass Russian gas through its territory, and that the issue was resolved 90%.
Russia’s Deputy Prime Minister Alexander Novak said that with Qatar and Turkmenistan, Moscow and Tehran are discussing the creation of energy hubs, deliveries to northern Iran and the potential establishment of an electronic gas trading platform in the southern part of the Islamic Republic.
MP/