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Iran, Armenia sign energy agreement

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  • Iran, Armenia sign energy agreement

    Iran, Armenia sign energy agreement

    United Press International
    July 6 2006

    TEHRAN, July 6 (UPI) -- The Iranian and Armenian governments
    Thursday reached seven agreements on energy, economy and industrial
    infrastructure.

    The memorandums of understanding were signed by officials in
    the presences of President Mahmoud Ahmadinejad and his Armenian
    counterpart, Robert Kocharian, Iranian news agency IRNA reported.

    The two countries agreed to finance an electric power line project.

    Armenia is landlocked, located in the Caucasus region, bordering
    Georgia, Turkey, Azerbaijan and Iran.

    Armenia does not have any oil or gas resources, but has rich mines
    of gold, copper, zinc and lead.

    Iran, a leading member of the Organization of Petroleum Exporting
    Countries, has vast oil and gas reserves.
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