Iran, Turkmenistan Ink 2 Cooperation Documents to Bolster Bilateral Ties
- November, 19, 2023 - 10:52
- Economy news
TEHRAN (Tasnim) – Officials from Iran and Turkmenistan signed two cooperation documents, worth about $1 billion, at the closing ceremony of the 17th Iran-Turkmenistan Joint Economic Cooperation Commission held in Ashgabat.
The two cooperation documents were inked in Turkmen capital in the presence of Iran’s Minister of Roads and Urban Development Mehrdad Bazrpash and Deputy Chairman of the Cabinet of Ministers and Minister of Foreign Affairs of Turkmenistan Rasit Meredow.
They feature the construction of a 242-km road in Turkmenistan and also construction operation of an electricity transmission line and export of parts and equipment of the power industry.
The two cooperation documents were signed by Iran’s Deputy Roads Minister and Construction and Development of Transportation Infrastructures Company (CDTIC) CEO Kheirollah Khademi and CEO of Iran Power Management, Distribution and Transmission Company (TAVANIR) Arash Kordi and their Turkmen counterparts.
In addition, the two sides emphasized launching direct flights between Mashhad and Ashgabat.
Iran’s roads minister pointed to the settlement of Iran’s gas debt to Turkmenistan and added that the remaining debt will be settled through bartering with the construction of Kum Dagh-Incheh Boroun Road.
Iran and Turkmenistan also signed memoranda of understanding in the fields of veterinary medicine, agriculture, electricity, power transmission lines and export of electricity equipment and construction materials from Iran to Turkmenistan.
At the proposal of the Iranian side, the 18th edition of the Iran-Turkmenistan Joint Economic Cooperation Commission will be held in Tehran in September 2024.