Russia’s Gazprom signs $40B deal to develop Iranian oil and natural gas production

News Target: Russian state-owned energy giant Gazprom has signed a huge $40 billion deal with Iran. The agreement came on the heels of Gazprom’s announcement that it cannot guarantee gas supplies to Europe. It was signed during an online ceremony attended by the CEOs of Gazprom and the National Iranian Oil Company (NIOC) on the same day Russian President Vladimir Putin arrived in Tehran for a summit with Iranian President Ebrahim Raisi and Turkish President Recep Tayyip Erdogan. (Related: Epic