Azerbaijani Ambassador to Tehran Bunyad Huseynov said that his country is interested in further expanding commercial and economic ties with Iran. the lauded the significant 74% growth in the volume of bilateral trade.
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Iranian Deputy Minister of Road and Urban Development announced that his country will soon start track-laying operations for 40 kilometers of Astara-Rasht railroad which will link Azerbaijan’s Southern city of Astara with Iran’s vast network.
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Iranian and Azeri officials in a meeting conferred on ways to further increase cooperation and reinvigorate relations between the two neighboring states amid the US sanctions against Tehran.
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Non-oil exports from the Northern Iranian province of Ardabil show a 30% year-on-year rise in the last three months. Director General of Road Maintenance and Transportation in Ardebil province Ali Rahmati declared.
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Presidents of Iran. Russia. and Azerbaijan will convene in the Russian resort city of Sochi in August to further work on ways to boost tripartite cooperation to form a strong regional bloc of trade and transit.
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Iran and Azerbaijan Republic signed a memorandum of understanding (MoU) late on Thursday in the field of road transportation.
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SOCAR Turkey will supply 700.000 tons of jet fuel to Istanbul Airport on an annual basis.
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SOCAR is represented in Turkey by its subsidiary SOCAR Turkey Energy.
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The gas transmission capacity of the project can be increased to 24 billion cubic meters first and to 31 cubic meters with additional investments later.
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BP and the government of Azerbaijan extended their agreement to continue developing the ACG fields until 2050 in a major deal in 2017.
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