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Iran Offers Armenia Cooperation In Mining Industry

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  • Iran Offers Armenia Cooperation In Mining Industry

    IRAN OFFERS ARMENIA COOPERATION IN MINING INDUSTRY

    arminfo
    Wednesday, October 24, 12:38

    Iran offers Armenia cooperation in the mining industry sector, Deputy
    Minister of Energy and Natural Resources of Armenia Ara Simonyan
    told ArmInfo.

    Issues related to cooperation in the mining and other sectors
    were discussed at the 11th session of the Armenian- Iranian
    Inter-governmental Commission that commenced in Yerevan on October 24.

    Simonyan said he has no detains on the given offer. Neither he could
    specify what deposits the Iranian party takes interest in. Simonyan
    said more details may be reported tomorrow after the discussions of
    the Commission.

    The Armenian Co-Chair of the Commission, Energy and Natural Resources
    Minister Armen Movsisyan said that high-level political relations help
    enhancing the trade and economic relations of the two countries. The
    minister said that the two parties actively cooperate in the spheres
    of energy, transport, oil and chemistry, environment protection,
    agriculture, and pharmaceutics. Movsisyan said that the two countries
    are currently studying a number of big infrastructure projects, in
    particular, construction of an HPP on the River of Araz, construction
    of an oil products pipeline, Iran-Armenian Railway, Iran-Armenia power
    lines. The minister assured those present that the two countries are
    highly interested in all the projects and there is relevant political
    will as well.

    Iranian Co-Chair of the Commission, Energy Minister of Iran Majid
    Namjoo, in turn, welcomed the warm and friendly relations of Armenia
    and Iran in the region and promotion of the relations in the private
    sector. He said that the commodity turnover is growing with the
    rapidly developing economic relations.

    To recall, foreign trade turnover of Armenia and Iran for 2011 totaled
    $323.4 million, which was 13.6% more than a year ago. Export totaled
    $106.254 million, with a 25.3% growth. Import totaled $217.2 million,
    with an 8.6% growth.

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