Presiding Board Member of Parliament Plan and Budget Commission Hadi Ghavami placed special emphasis on the necessity of cooperation between Iran and Armenia to invest in Aras and Meghri free zones.

By launching equipped refineries in Aras and Meghri free zones, huge revenues will be earned in the country, he said, adding, “under such circumstances, the country can overcome sanction conditions successfully”, Mehr news agency reported.  

Establishing amicable relationship with Armenia should be taken into consideration, so that identifying potentials between the two countries will help promote bilateral trade and economic relationship considerably, Ghavami reiterated.

Elsewhere in his remarks, he pointed to the trade exchanges between Iran and Armenia and reiterated, “presently, Iranian gas is bartered with Armenia’s electricity and with the expansion of cooperation in the field of supplying fuel, many problems facing ahead in sanctions period can be settled.”

Ghavami emphasized on the necessity of cooperation between Iran and Armenia in Aras and Mogri free zones and added, “once we could set up a refinery with the production capacity of 200,000 barrels in Aras and Mogri free zones, the country will earn huge revenues in this respect.”