OREANDA-NEWS Iran is noting progress in negotiations on Russian gas supplies, and an agreement may be signed soon, Iranian Oil Minister Mohsen Paknejad said.

"As for gas import issues, we have made progress on this issue with our Russian colleagues and we hope that in the near future we will be able to sign an agreement for execution," he said following the results of the Russian-Iranian intergovernmental commission on trade and economic cooperation in Tehran.

According to the Iranian minister, Iran is taking all steps to increase domestic gas production and has brought it to record levels.