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Iran, Armenia Agree To Boost Energy Ties

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  • Iran, Armenia Agree To Boost Energy Ties

    IRAN, ARMENIA AGREE TO BOOST ENERGY TIES

    Agence France Presse
    May 31 2011

    TEHRAN - Iran and Armenia have signed a memorandum of understanding
    to boost cooperation on oil, gas and electricity and expand their
    commercial and industrial ties, Iranian media reported Tuesday.

    Armenian Energy Minister Armen Movsisian on Monday signed the agreement
    with Iranian Foreign Minister Ali Akbar Salehi in Tehran.

    "The volume of trade between the two countries has increased by 38
    percent in 2010, rising to 270 million dollars," said Salehi, adding
    Iranian President Mahmoud Ahmadinejad would visit Armenia "next week."

    The two countries have decided to build a power line with a capacity
    of 500-800 megawatts linking their electricity grids, local papers
    reported.

    Tehran and Yerevan are also mulling over plans for Iranian companies
    to construct two 180-megawatt hydroelectric dams on Aras river,
    which borders the two countries.

    In February, Movsisian announced plans to construct a 365-kilometre
    (227-mile) pipeline from the northwestern Iranian city of Tabriz to
    Eraskh in Armenia.

    The pipeline would provide Armenia with an alternative to Russian
    energy imports, which were disrupted by the Georgia-Russia war in 2008.

    In 2007, the two countries inaugurated a gas pipeline designed to
    transport 36 million cubic metres of Iranian gas to Armenia per day
    for 20 years.

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