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Armenian-Iran economic relations

By Messenger Staff
Wednesday, March 30
On March 27, Armenia’s President Serzh Sargsyan, and Iranian President Mahmoud Ahmadinejad discussed further economic cooperation between the two countries during a meeting. The most important aspects were the construction of the Iran-Armenia Railway and prospects of cooperation in the energy sphere. In the near future, the two countries might start construction of a hydro-electric power station on the river of Araks. The energy sector is the biggest sphere of mutually beneficial cooperation between the two countries and there is a desire from both parties to focus even more heavily in this direction.