News ID: 209868
Published: 0316 GMT February 12, 2018

Ambassador: Iran has good cooperation with Armenia in energy sector

Ambassador: Iran has good cooperation with Armenia in energy sector

Iran has established good cooperation with Armenia in the energy sector, Iran's Ambassador to Armenia Kazem Sajjadi told reporters at Yerevan State University.

The ambassador, who attended the opening ceremony of a lecture hall of Iranian studies at the university on Monday, hoped that the third high-voltage power transmission line between Armenia and Iran will be operational in the near future, reported.

Armenia, he stated, will receive gas from Iran in exchange for electricity.

"We are ready to sell gas to Yerevan at affordable prices. This is being discussed, and I hope that progress will be made soon," the diplomat concluded.

Trade between Iran and Armenia reached $263.5 million in 2017, showing a growth of 10.3 percent compared to the figure for 2016.

According to Hamaiak Avadisyanes, Iran's commercial attaché in Yerevan, the country exported goods worth $179.3 million to Armenia in 2017 and trade balance between the two countries was $95 million in favor of Iran.

Iranian exports to Armenia grew by 9.3 percent in 2017, the official noted.

Last month, Iran and Armenia signed a gas-for-power transfer deal and inaugurated a radiotherapy center in an Armenian hospital.

The third phase of electricity transmission from Armenia to Iran and the export of gas from Iran to that country was signed between the two sides in Armenia, announced Sajjadi.

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