Gazprom's40 billion dollar investment memorandum in Iran's oil and gas fields was signedtoday.

Accordingto PSEEZ, Mohsen Khojste Mehr, the CEO ofNational Oil Company, stated in a press conference today: The memorandum ofunderstanding for the largest investment in the history of the oil industry wassigned between National Oil Company and Gazprom Company with a value of 40 billiondollars.

Headded: Gazprom's 10 billion dollar investment for the development of North Parsand Kish gas fields, the development of 6 oil fields, including Mansouri,Abtimur, Karanj, Azar and Chengoleh, Gazprom's 15 billion dollar investment forincreasing the pressure of the South Pars gas field and swapping gas and oilproducts with Russians and investment to complete the Iran-LNG project (IranLiquefied Natural Gas Project) is one of the axes of this memorandum.

KhojasteMehr said: "Before, a contract was signed with Russia for the developmentof 7 oil fields in the amount of 4 billion dollars despite the sanctions.