Iran, Armenia set to create joint energy working group

Iran and Armenia plan to form a joint specialized working group in the field of energy with a focus on gas trade, Report informs via Mehr news agency.

The agreement was announced following a meeting between Iranian Oil Minister Mohsen Paknejad and Armenian Minister of Territorial Administration and Infrastructure Davit Khudatyan, held in Tehran on Saturday.

According to the Iranian oil minister, the two sides reviewed a wide range of potential energy projects, including expanding bilateral trade, exporting technical and engineering services, constructing refineries, and supplying petroleum products to Armenia.

Paknejad also announced that Tehran and Yerevan have agreed to establish a joint specialized working group and proposed that it begin operations as soon as possible so that concrete outcomes can be evaluated during the next round of bilateral talks.

The Iranian oil minister noted that the existing energy partnership between the two countries is based on a gas-for-electricity swap arrangement. However, he said Iran has proposed a new commercial framework aimed at expanding natural gas exports.