Russian Energy Minister Alexander Novak said that Iran plans to give presentation on new contracts for Russian companies on Monday.

Axar.az reports that Iran plans to give presentation on new contracts for Russian companies on Monday, Russian Energy Minister Alexander Novak said Saturday.

When asked on the scheduled date of the presentation, Novak said “on March 27.”

Iran is drafting a new type of contract dubbed Iran Petroleum Contract (IPC), aimed to provide basis for the state's cooperation with oil companies after the sanctions are lifted.