He said many documents have been signed between the National Iranian Oil Company (NIOC) and Russian companies so far, adding NIOC is waiting for the Russian sides to submit their technical and financial propositions regarding the deals.
"We have agreed to hold a workshop early next calendar year (mid-2017) to elaborate more on details of the new Iran petroleum contracts where interested Russian companies will attend," he added.
The official thanked Russia cooperating with the OPEC for the first time in history by curbing its output parallel with the organization in a bid to tackle the downward oil price in the market.
He further said the prices of over $55b or $60b would not benefit OPEC members, saying this would bring back American suppliers to the market and increase the country's output, hence pushing the prices down again.
Most market observes do agree that the oil market will be stabilized in 2017, the official argued.
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