Iran, Armenia sign energy agreement

United Press International
July 6 2006

TEHRAN, July 6 (UPI) — The Iranian and Armenian governments
Thursday reached seven agreements on energy, economy and industrial
infrastructure.

The memorandums of understanding were signed by officials in
the presences of President Mahmoud Ahmadinejad and his Armenian
counterpart, Robert Kocharian, Iranian news agency IRNA reported.

The two countries agreed to finance an electric power line project.

Armenia is landlocked, located in the Caucasus region, bordering
Georgia, Turkey, Azerbaijan and Iran.

Armenia does not have any oil or gas resources, but has rich mines
of gold, copper, zinc and lead.

Iran, a leading member of the Organization of Petroleum Exporting
Countries, has vast oil and gas reserves.