Baluarte
05-23-2013, 02:20 PM
Armenian Minister of Energy and Natural Resources Armen Movsisian praised Tehran for its assistance and cooperation in the development of Armenia's energy sector.
Movsisian stressed that Yerevan will continue its cooperation with Tehran in the field.
"The purchase of gas from Iran takes place in accordance with a swap deal with the Islamic Republic in exchange for Armenia's electricity," he said in the Armenian capital of Yerevan on Tuesday, Fars News Agency reported.
Iran has long initiated various diplomatic initiatives to expand its ties with the neighboring states.
In recent years, Iran and its northern neighbor Armenia have boosted cooperation, signed agreements on energy cooperation and agreed to cooperate in technology and research, and enhance ties in commerce and economy.
President Mahmoud Ahmadinejad and his Armenian counterpart pledged in December 2011 to further expand "high-level relations" between their nations and, in particular, give new impetus to the implementation of joint energy projects that have fallen behind schedule.
Movsisian stressed that Yerevan will continue its cooperation with Tehran in the field.
"The purchase of gas from Iran takes place in accordance with a swap deal with the Islamic Republic in exchange for Armenia's electricity," he said in the Armenian capital of Yerevan on Tuesday, Fars News Agency reported.
Iran has long initiated various diplomatic initiatives to expand its ties with the neighboring states.
In recent years, Iran and its northern neighbor Armenia have boosted cooperation, signed agreements on energy cooperation and agreed to cooperate in technology and research, and enhance ties in commerce and economy.
President Mahmoud Ahmadinejad and his Armenian counterpart pledged in December 2011 to further expand "high-level relations" between their nations and, in particular, give new impetus to the implementation of joint energy projects that have fallen behind schedule.