RUSSIA has agreed to invest in six new oilfields in Iran, IRIB reported Javad Owji, the Iranian oil minister, as saying on May 17. Owji announced the commitment during a visit to Iran paid by Alexander Novak, Russia's deputy PM responsible for energy diplomacy. Novak and Owji together attended the 27th International Exhibition of Oil, Gas, Refining and Petrochemicals in Tehran. Owji said: "The aim of the annual exhibition is to showcase the capacities of companies.
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