Gazprom Operations in Iran

According to its official website, since 1997 Gazprom had been engaged in the South Pars pre-development and operation project, Phases 2 and 3.

In March 2012, Russia’s Gazprom held talks with Tehran about the construction of an underground storage facility for natural gas This took place against the backdrop of Western sanctions on Iran, a company executive from Gazprom said, highlighting the company’s continued economic cooperation with Iran.

However, according to a Reuters report, Gazprom has not always filled the vacuum left by other foreign oil companies that left Iran. In October 2011, plans to work with Gazprom on the Azar oil field were abandoned by Iran due to delays by Gazprom, despite talks that had run for years between them.

Talks between Gazprom and Iran broke down around March 2011, a few weeks after Iran’s new Oil Minister Rostam Qasemi took office, saying Iran had no need for foreign investment in its vital oil and gas industries.

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