Senior transportation officials from Iran and Azerbaijan signed an agreement on Tuesday to construct a road bridge on Astarachay River running along the joint border.
The agreement between Iran, Azerbaijan and Turkmenistan on a natural gas swap deal for up to two billion cubic meters of Turkmen gas has taken effect as of January 1, 2022, ILNA reported.
Referring to 370 kilometers of joint borders between Iran and Azerbaijan Republic and many political and cultural common grounds, Chairman of Iran-Azerbaijan Joint Chamber of Commerce Hossein Pirmoazzen on Saturday urged the need for Iran to boost relations with Azerbaijan.
Iran, Turkmenistan and Azerbaijan have concluded a natural gas swap agreement for up to 2 billion cubic meters per year, which will take effect on Dec. 22.
Figures by Iran’s customs office IRICA shows exports to Azerbaijan Republic soared in the year to March 2021 despite intermittent restrictions imposed at borders to contain the spread of the coronavirus.
Iran is using limited supplies of electricity from neighboring Azerbaijan to prevent a recurrence of brief power cuts that surprised the households in large cities last month.
Iranian and Azerbaijani governments have signed a memorandum of understanding (MoU) to jointly finance and construct a bridge on Astarachay, the river that separates the Iranian city of Astara from its namesake town on the other side of the border.
A total of 295,518 tons of goods were exported from Bileh Savar border crossing of the northwestern Ardabil Province during the first 11 months of the current Iranian year. The main export destinations were Azerbaijan, Russia and Georgia.
The head of the Iran-Azerbaijan Joint Chamber of Commerce says that bilateral trade between Iran and the Republic of Azerbaijan continues despite the spread of coronavirus.
Iran’s foreign minister has called for the reopening of transit routes closed by the Karabakh conflict, especially the one linking Iran’s Jolfa to Armenia through the Autonomous Republic of Nakhchivan.