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Azerbaijan, Iran mulling joint investments to other countries

Oil&Gas Materials 4 August 2015 16:41 (UTC +04:00)
Azerbaijan and Iran are discussing the possibility of jointly investing in other countries’ gas sectors.
Azerbaijan, Iran mulling joint investments to other countries

Tehran, Iran, Aug. 4

By Temkin Jafarov - Trend:

Azerbaijan and Iran are discussing the possibility of jointly investing in other countries' gas sectors, the Head of the Secretariat of the Azerbaijan-Iran Intergovernmental Commission on Trade, Economic and Humanitarian Cooperation Mehdi Mohtashami said in an exclusive interview with Trend.

"At the moment, Iran is actively discussing gas exports with the countries in the Persian Gulf, including Oman and Iraq," said Mohtashami, adding that very good results have already been achieved in those discussions.

"If Azerbaijan, or any other country, is willing to invest in this area, Iran only welcomes this," he said.

Mohtashami noted that both countries have rich experience in oil and gas sector, in particular in gas exports.

"The leaderships of both countries support such projects," he said. "I believe there is a political will for this, and if the issues get solved from a technical point of view, Azerbaijan and Iran can cooperate and jointly invest in other countries."

He said Iran also has interest in cooperating with Azerbaijan in the energy sector.

"Currently, the synchronization of energy systems of Iran and Azerbaijan is an actual issue," Mohtashami said, adding that in this regard a work is underway and positive results have been achieved.

"Aside from that, talks are being held on construction of water power plants at the border or inside the countries," he further said. "We have had successful negotiations, and both countries are ready to cooperate in this area."

Mohtashami also said the electricity to be produced at new power plants, is meant for being used both inside Azerbaijan and Iran, and for being sold to other countries.

Edited by CN

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