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Iran and Russia are enhancing their energy partnership with several joint oil field projects moving into production. The collaboration encompasses crude oil, natural gas, nuclear power, and cross-border energy trade.

Key developments include seven oil fields in Khuzestan under joint contracts, with Russian firms contributing 6% of Iran's crude output. A new $25 billion investment in small-scale nuclear power plants is also planned. Both nations aim to increase trade from $5 billion to $20 billion annually amidst geopolitical challenges.