Russia’s Gazprom, a leader in the energy sector, is in talks with the National Iranian Gas Company (NIGC) to develop a gas field in Iran, a report said.

Talks are currently focused on the text of the agreement; Russia's Ambassador to Iran Levan Dzhagaryan was quoted as saying by Iran Daily News, which cited Press TV.

Dzhagaryan added that Russia is looking into the possibility of forming a consortium to take up development projects in Iran's oil and gas sectors.

Lukoil, a top oil firm in Russia’s private sector, was looking into participating in the development of two oilfields in Iran, noted Dzhagaryan.