Iran and Azerbaijan express readiness to boost energy cooperation

Dec 02, 2002 01:00 AM

Iran and Azerbaijan expressed their readiness to boost bilateral cooperation in the field of energy. Managing director of the Azerbaijan Electricity Company Etebar Prordiev and Iranian Deputy Energy Minister Mohammad Ahmadian discussed ways of boosting bilateral ties in a meeting.

The two sides signed a deal on the transfer of the Iranian electricity to Azerbaijan.
Under the deal, three lines of 230 kV and 400 kV would be created doubling the electricity exchanges between the two countries. Iran is also to set up a power plant in Azerbaijan. The two sides expressed willingness to strengthen the bilateral cooperation in all political, economic and trade areas.

Iran and Azerbaijan recently signed an agreement to boost economic cooperation at the end of the fifth session of the Iran-Azerbaijan joint economic commission on October 29-30 in Baku. Under the agreement, the two sides pledged to work together on the exploitation of the energy deposits, transportation, car manufacturing, electricity and road building.
Iran is to export some 300-350 cm of natural gas to Nakhichevan annually.

Source: Asia Pulse
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