Armenia, Iran discuss new gas-for-electricity deal

The Minister of Territorial Administration and Infrastructure of the Republic of Armenia Gnel Sanosyan met with the Minister of Oil of the Islamic Republic of Iran Javad Owji within the framework of his working visit to the Islamic Republic of Iran.

During the meeting, the new agreement on the gas-for-electricity program was discussed. Minister Sanosyan submitted proposals related to the renewal of the contract. The agreement will be signed when the agreement is finalized, and the answers of the Iranian side to the submitted proposals are ready.

Issues related to oil refining, bitumen and its price were discussed.

The Minister noted that active road construction works are underway in Armenia, but the changes related to the price of bitumen have caused certain difficulties. The Minister noted that it would be desirable for bitumen to be delivered to Armenia at a more affordable price.

Other issues of mutual interest were discussed. The parties assessed the meeting as positive and constructive.

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