Iran suggests creating an energy consortium and an investment fund to strengthen cooperation in the EEU, Iranian Deputy Petroleum Minister Ahmad Asadzadeh said, RIA Novosti reported.

"To strengthen cooperation in the energy sector in Eurasia, it is necessary to create a joint investment fund. We can also create a joint energy consortium with the participation of both state and private companies," he said during a speech at Russian Energy Week.

The Russian Energy Week takes place in Moscow from October 12 to 14.