Iranian Minister of Energy Hamid Chitchian and Armenian Deputy Minister of Energy and Natural Resources Ara Simonyan have stressed the development of cooperation in the energy sector.
The two officials called for the further expansion of energy ties during a Saturday meeting on the sidelines of the 44th session of the Commonwealth of Independent States (CIS) Electric Power Council in the Russian capital Moscow.

Pointing to the high level of political relations between the two neighboring countries, the Iranian minister said that the condition was favorable for the expansion of ties in the energy sector.

He said that Iran was determined to develop ties with Armenia and added, “We believe that under the current circumstances cooperation between the two countries can be further developed in the fields of oil, gas and electric energy.”

Simonyan, for his part, said that Iran and Armenia enjoy very close cooperation and added Yerevan attaches great significance to its ties with Tehran.

We can increase bilateral relations through cooperation, he said, calling for the implementation of agreements between the two countries to help the development of ties.

He expressed hope that Iran-Armenia ties would gain momentum under the tenure of Iranian President Hassan Rouhani.

Iran and Armenia have taken major strides towards promoting their mutual relations over the recent years, particularly in the energy sector.

Iran has bartered more than 1.5 billion cubic meters of gas with Armenia’s electricity over the past six years.

The National Iranian Gas Company (NIGC) said recently that around 1.5 billion cubic meters (bcm) of natural gas has been traded with Armenian electricity during the 2007-2012 period.

Last year, the Islamic Republic exchanged some 481 million cubic meters (mcm) of gas with the neighboring country’s electricity, the largest amount of bartering between Iran and Armenia in six years.

By Press TV

 

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