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Armenia Keen to Boost Economic Ties with Iran

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  • Armenia Keen to Boost Economic Ties with Iran

    Fars News Agency, Iran
    Jan 29 2011

    Armenia Keen to Boost Economic Ties with Iran

    TEHRAN (FNA)- Armenian Energy and Natural Resources Minister Armen
    Movsisian stressed his country's willingness to further boost its
    economic cooperation with Iran.

    Speaking to reporters here in Tehran on Saturday, Movsisian
    underlining the need for further expansion of all-out cooperation
    between the two neighboring countries, and added that there are no
    obstacles on the way of further promotion of mutual economic ties.

    He also lauded Iranian officials' positive outlook for boosting
    economic ties with Armenia.

    He said over 10 huge projects are operating by Iran in Armenia,
    calling for implementing joint ventures to enhance bilateral
    cooperation.

    Last week, Movsisian had announced that Iran and Armenia will double
    swap of power supplies after the new power transfer line starts
    operation.

    Movsisian said at the time that his country's third power transfer
    line to Iran with a nominal capacity of 400kw per hour will be ready
    in 2013, adding that the construction phase will start in the second
    half of 2011.

    In October, the two sides agreed to form a joint working group to
    explore way of expanding their mutual cooperation in grounds of water
    and renewable energy resources.

    The agreement was made in a meeting between Iranian Minister of Energy
    Majid Namjou and Movsisian here in Tehran.




    From: A. Papazian
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