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Iran has signed a 40 billion dollar agreement with Gazprom. Minister of Oil of Iran

Iranian Oil Minister Javad Ouji told reporters on Wednesday that a $40 billion agreement was signed between Iran and one of the world's largest companies, Russian Gazprom.

On the sidelines of the government session, Ouji said that the exchange of oil products has already started, expressing hope that the gas exchange agreement will be implemented this winter.

According to the minister, Iran and Russia also signed a memorandum of understanding worth 4 billion dollars for the development of mines. He added that not having liquid gas in Iran, with almost 34 billion cubic meters of reserves, is a mistake.