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. Last Updated: 07/27/2016

'Iran-Russia Oil Pact

NICOSIA, Cyprus () -- Iran and Russia will cooperate in the manufacturing of oil industry equipment, state-run Tehran radio said.

Iranian Oil Minister Gholamreza Aghazadeh and a senior official of Russia's Machinoimport enterprise agreed after talks in Tehran that the two countries would cooperate on modernizing factories manufacturing oil industry equipment, the radio said Monday.