IRAN, ARMENIA SIGN AGREEMENT ON ESTABLISHMENT OF POWER PLANTS

Islamic Republic News Agency, Iran
March 19 2007

In a ceremony at Iran-Armenia common borders, the agreement on
establishment of hydroelectric power plants on Aras river was signed
by Iranian and Armenian officials on Monday.

At the ceremony, which was attended by President Mahmoud Ahmadinejad
and his Armenian counterpart Robert Kocharyan, the document was signed
by the Iranian Minister of Energy Parviz Fattah and Armenian Energy
Minister Armen Movsisyan.

President Ahmadinejad arrived in the Armenian border area today to
officially inaugurate the gas pipeline, through which Iranian gas
will be transferred to Armenia.

The pipelines from both sides are interconnected at Iran-Armenia
common border.

The chief executive is accompanied by Oil Minister Kazem
Vaziri-Hamaneh, Minister of Energy Parviz Fattah as well as a number
of Iranian officials in charge of oil and gas industries.