28 March 2022 - 13:22
  • News Code: 454967
Owji Receives Advisor to Armenian Prime Minister

TEHRAN (Shana) – Iranian Minister of Petroleum Javad Owji met with the Advisor to the Prime Minister of Armenia on Monday to discuss cooperation in the field of energy.

Javad Owji met with Adviser to the Prime Minister Artashes Tumanyan to discuss the deepening of long-term relations between the two countries in the field of energy.

Armenia has low hydrocarbon reserves and relies on imports of fuel and a nuclear power plant that was built during the former Soviet Union to provide the energy it needs.

Due to political differences with Azerbaijan, the oil-rich neighbor of the east, and Turkey, the western neighbor of Armenia, Yerevan supplies its energy needs from Iran and Georgia.

Earlier, Armenian sources reported that the two countries agreed to enhance Iranian gas exports to Armenia. Russia now supplies about 80 percent of Armenia's gas.

In 2004, Tehran and Yerevan signed a 20-year gas for electricity barter agreement, according to which Iran's exported gas will be consumed by power plants in Armenia, and in return, Iran imports electricity from Armenia. Armenia has been importing gas from Iran since the middle of 2009.

News Code 454967

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