TEHRAN, July 6 (UPI) — The Iranian and Armenian governments Thursday reached seven agreements on energy, economy and industrial infrastructure.
The memorandums of understanding were signed by officials in the presences of President Mahmoud Ahmadinejad and his Armenian counterpart, Robert Kocharian, Iranian news agency IRNA reported.
The two countries agreed to finance an electric power line project. Armenia is landlocked, located in the Caucasus region, bordering Georgia, Turkey, Azerbaijan and Iran.
Armenia does not have any oil or gas resources, but has rich mines of gold, copper, zinc and lead.
Iran, a leading member of the Organization of Petroleum Exporting Countries, has vast oil and gas reserves.
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