Baku, Aug 31, IRNA – Tehran and Baku held a joint economic conference here on Wednesday.


The economic conference was held within the framework of the visit of an economic delegation from Iran's Northern Khorassan province to the Republic of Azerbaijan.

The two countries' officials discussed about the ways to broaden relations between their private sectors.

In early August, President Hassan Rouhani said that Iran and Azerbaijan are to expand oil cooperation.
Addressing a joint press conference with Azeri President Ilham Aliyev, President Rouhani referred to joint oil and gas activities in the Caspian Sea and said the two sides will based on a Memorandum of Understanding (MoU) cooperate in the joint fields.

'This will serve as an important step towards promotion of Tehran-Baku relations.'

By IRNA