Iran Oil Show 2018 - 23rd INTERNATIONAL OIL & GAS and Petrochemical Exhibition, Iran, Tehran

Moscow and Tehran relations are based upon the Treaty on the basis of interrelations and principles of cooperation between Russian Federation and Islamic Republic of Iran, which was signed on March 12 in 2001. Cooperation with IRI is of multi-aspect character: Russia and Iran carry on an active political dialogue, develop trade and economic, military and technical and cultural relations. For the last years interregional contacts between the two countries have become more active. Iran is an important trade partner of Russia in the Middle East. Iran is a state with a considerable economic potential, capacious market for Russian products. From 2004 Russia-Iran turnover has persistently exceeded 2 billion US dollars, and Russian export to IRI makes 90% of the trade. According to the results of 2007 a considerable increase in turnover was made. The total Russia-Iran trading volume amounted to 3,3 billion US dollars, 2,9 billion of which belong to the Russian export.