Iran, Armenia discuss expanding coop. in energy field

TEHRAN, Mar. 28 (MNA) – Iranian Oil Minister Javad Owji on Monday met with the advisor to the Armenian prime minister on bilateral cooperation in the field of energy.

 Iranian Minister of Petroleum Javad Owji received the Advisor to the Prime Minister of Armenia for a meeting in Tehran on Monday to discuss cooperation in the field of energy.

According to the news service of the Iranian oil ministry SHANA, Armenia has low hydrocarbon reserves and relies on imports of fuel and a nuclear power plant that was built during the former Soviet Union to provide the energy it needs.

Due to political differences with Azerbaijan, the oil-rich neighbor of the east, and Turkey, the western neighbor of Armenia, Yerevan supplies its energy needs from Iran and Georgia.

Earlier, Armenian sources reported that the two countries agreed to enhance Iranian gas exports to Armenia. Russia now supplies about 80 percent of Armenia's gas.

In 2004, Tehran and Yerevan signed a 20-year gas for electricity barter agreement, according to which Iran's exported gas will be consumed by power plants in Armenia, and in return, Iran imports electricity from Armenia. Armenia has been importing gas from Iran since the middle of 2009.

MP/IRN84698182

News Code 185152

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