Subscribe to FDD




Date: June 2008

Deal: An industry publication reported that in June 2008, the Armenian government announced that Gazprom would invest over "$200 million into the construction of the Iran-Armenia gas pipeline" (SteelGuru, June 8, 2008).

Date: September 2008 - 2010

Deal: According to the Russian media, in September 2008 Gazprom Neft, a subsidiary of Gazprom, agreed to develop Iran's North Azadegan oil field (RIA Novosti, September 8, 2008).

In March 2010, Dow Jones quoted Gazprom Neft's chief executive commenting that the company was no longer in talks with Iran to develop the North Azadegan and South Azadegan oil fields (Dow Jones, March 24, 2010).

Date: May 2009

Deal: AFP reported in June 2008 that Gazprom had expressed interest in joining the long-delayed gas "Peace pipeline" between Iran, Pakistan and India. The report suggested that the company was prepared to invest whenever Iranian officials made an offer. AFP noted that construction for the pipeline was set to begin in 2009, and be completed in 2014, but there has been no indication that the timeline will be met (AFP, May 26, 2009). Reuters reported that the project is purported to be worth over $7 billion (Reuters, May 1, 2007).

Date: June 2009

Deal: In June 2009, UPI reported that Gazprom had expressed interest in involvement with the proposed Neka-Jesk pipeline, which would transport oil from the Caspian Sea region to the Gulf of Oman, and that Iran invited bids from the Russian company (UPI, June 24, 2009). As of September 2009, the contract phase of the project was not yet underway.

Date: November 2009 - August 2011

Deal: According to an industry publication, Gazprom signed a Memorandum of Understanding with Iran's Petroleum Engineering & Development Company to develop the Azar oil field. The deal appears to replace a previous agreement for the field that had been signed between the National Iranian Oil Company (NIOC) and Norway's Norsk Hydro in 2000 (Platts Oilgram News, November 3, 2009). While a final contract has yet to be signed between the two parties, Upstream Online quoted an official at NIOC remarking in March 2010 that "the contract on the development of Azar oilfield will be signed later this (Iranian) month with an Iranian-Russian consortium" (Upstream Online, March 2, 2010).

In August 2011, AP reported that Iran dropped Gazprom from the project "citing a lengthy delay in the project's implementation" (AP, August 29, 2011).

Ties to U.S. Business: According to, Gazprom has not received any U.S. government contracts (, accessed June 24, 2010). However, according to the company's website, Gazprom Marketing & Trading, a subsidiary of Gazprom, began natural gas marketing and trading operations throughout North America in the fourth quarter of 2009. The group maintains an office in Houston, Texas to support its operations (Gazprom Marketing & Trading Website, accessed June 24, 2010).

Last Updated: July 2014