Iranian oil minister, in Moscow, seeks to bolster ties with Russia ...Middle East

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Russia has deepened ties with Iran since the start of the military conflict in Ukraine and signed a strategic partnership treaty with Tehran in January. Both countries are under Western sanctions.

Russia has a long history of cooperation with Iran and helped build a nuclear reactor at Bushehr in the south of the country, Iran's first.

A figure of 55 bcm would be similar to the throughput of the Nord Stream 1 undersea pipelines to Europe that were damaged by blasts in 2022 and have not delivered any gas since then.

Paknejad, speaking at a Russia-Iran intergovernmental commission in Moscow, said Iran would implement the agreements with Gazprom, including on a regional hub for distribution of gas. The two countries have long discussed setting up such a hub in Iran, with the possible participation of Qatar and Turkmenistan.

On Thursday Paknejad met Russian Deputy Prime minister Alexander Novak, Putin's point man on relations with the Organization of the Petroleum Exporting Countries (OPEC).

The proposed hikes underscore a worsening dispute between members over compliance with production quotas.

They come after calls from U.S. President Donald Trump for OPEC to lower oil prices and his return to a policy of “maximum pressure” on Iran, whose oil exports Washington wants to reduce to zero.

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