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Iran, Armenia Ink MoUs On Energy Cooperation

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  • Iran, Armenia Ink MoUs On Energy Cooperation

    IRAN, ARMENIA INK MOUS ON ENERGY COOPERATION

    Fars News Agency
    June 1 2011
    Iran

    TEHRAN (FNA)- Iranian Foreign Minister Ali Akbar Salehi and Armenian
    Energy Minister Armen Movsisian signed several agreements to bolster
    ties and cooperation between Tehran and Yerevan in oil, gas and other
    energy and industrial fields.

    The agreement was endorsed during a ceremony at the end of the two
    countries' 10th Joint Economic Cooperation Commission meeting.

    After signing the Memoranda of Understanding (MoUs), Salehi said, "In
    2010, trade between Iran and Armenia increased by 38 percent, bilateral
    trade between the two sides currently stands at 270 million dollars,
    and we are now the fourth biggest economic partner of Armenia."

    Salehi stressed that the two sides would continued efforts to expand
    bilateral ties, particularly in economic field.

    "It is necessary that the reached agreements and the signed documents
    between Tehran and Yerevan would be implemented by both sides."

    The Iranian foreign minister pointed out that the volume of the two
    countries' trade in the year 2010 increased 38 percent compared to the
    previous year to $270 million, adding, "this increased volume raised
    Iran's status among Armenia's major trade partners in the year 2010
    from the 8th to the 4th place."

    Yet, Salehi lamented that the current trade volume of the two countries
    does not match the existing capacities and potentials.

    "Now conditions are ripe for increasing this volume to an acceptable
    level."

    He also referred to Iran and Armenia's status in the transportation
    field, arguing, "keeping in mind Armenia's unique position in the
    region, which can be connected to the Black Sea in the west on
    one hand, and to the Persian Gulf through Iran on the other hand,
    can bring very positive economic fruits both for our two countries,
    and for the entire region."

    Salehi noted continued energy cooperation with Armenia, and said,
    "Iran with its rich energy resources can be a reliable source for
    providing energy for the friend and neighbor country of Armenia."

    Referring to the reached agreements in that realm, the Iranian top
    diplomat expressed hope that in such fields as gas, transfer of new
    oil and electricity industries, and other energy cooperation, the
    joint work would proceed in accordance with the reached agreements
    and the programs proposed by the technical experts.

    Armenia's Energy Minister Armen Movsisian, too, said, "Iran-Armenia
    relations are very high level and cooperation in such fields would
    keep on growing."

    He pointed out that the Armenian president attaches great importance
    to his country's relations with the Islamic Republic of Iran.

    "The two countries enjoy very excellent political ties presently,
    which leads to the growth of cooperation in various other fields,"
    said Movsisian also emphasized in response to a reporter's question
    on the situation in Karabakh, "Iran spares no effort aimed at solving
    that crisis."

    The Armenian official stressed that policies regarding Karabakh are
    based on regional interests.

    On Sunday, Iranian Minister of Energy Majid Namjou announced that
    the two countries have agreed to boost swap of electricity once
    construction of the third power transmission line is completed.

    "The construction phase of the third power transmission line between
    the two countries will start in the next two weeks," Namjou told
    reporters on the sidelines of a meeting with Armenian Energy and
    Natural Resources Minister Armen Movsisian.

    He added the new line will bring the volume of power exchange between
    the two countries from the current 300mw to 500-800 mw.

    The minister said that over $110million of funding is needed for the
    construction of the new power transmission line.

    Movsisian, for his part, stated that the two neighboring countries have
    run successful energy cooperation for years, and reminded that many
    projects have been implemented in Armenia through Iran's cooperation.

    Iran and Armenia have expanded cooperation in power and gas swap in
    recent years.

    Iran mainly exports natural gas to Armenia and imports power supplies
    from the Caucasian state through two transfer lines with a total
    power transfer capacity of 220kw/ph at present.



    From: Emil Lazarian | Ararat NewsPress
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