IRAN, AZERBAIJAN INK TEN CO-OP AGREEMENTS
The agreements include a deal with Iran extending a $75 million credit for the construction of four substations for the Imishli- Alibrairamly-Astara power line, as well as an agreement on cooperation in the exchange of natural gas.
The two countries signed a memorandum of mutual understanding between their environmental agencies, a cultural cooperation agreement, a protocol on cooperation in transportation and a memorandum on financing the overhaul of the Baku-Astara highway.
"With the realization of these agreements, a thousand new jobs will be created in Azerbaijan. Azerbaijan is very interested in further developing mutual relations with Iran. The gas exchange agreement will make it possible to provide the Nakhchivan autonomous district with gas and electric power," President Aliyev said.
Khatami said the two countries' historical and geographical proximity is security for their successful cooperation. "There is no problem that cannot be resolved through negotiation. We will be developing our mutual relations comprehensively," Iran's president said.
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