Armenia, Iran discuss ways to finance energy projects

Visiting Armenian Energy Minister Armen Movsisyan conferred with Iran's Minister of Economy and Finance Shamseddin Hosseini on ways to finance energy projects to be implemented by Iran in Armenia. In a meeting, the two sides called for expansion of mutual ties in the field of energy, oil, gas, technical and engineering services.

Hosseini said that the Islamic Republic of Iran is willing to cooperate with Armenia in developing infrastructure of the former Soviet republic.

Movsisyan appreciated opening up of credit line for Armenia by the Export Development Bank of Iran.

He hoped that the ground for expanding two countries economic and trade cooperation would be prepared in near future.