Iran Gives Priority to its Neighbors in Economic Cooperation, Says Rouhani

President of the Islamic Republic of Iran, Hassan Rouhani
President of the Islamic Republic of Iran, Hassan Rouhani

President of the Islamic Republic of Iran, Hassan Rouhani

YEREVAN (ARMENPRESS)—Following Iran’s nuclear deal with six major powers reached last month, many countries are expected to make new investments in Iran after economic sanctions are lifted. But Iranian President Hassan Rouhani has said that his country will give its neighbors priority with economic cooperation.

Rouhani made his announcement during a meeting with Azerbaijani Minister of Economy and Industry Shahin Mustafayev.

Rouhani called Azerbaijan a “gate to [the] Caucasus.” At the same time, Rouhani said that Iran can become a “route to the Persian Gulf” for Azerbaijan.

Referring to the cooperation over energy, Rouhani mentioned that “joint investments in the Caspian Sea can open a new page in that sector.”

Mustafayev expressed confidence that the nuclear deal with Iran will have a favorable impact on regional cooperation and stability.

Mustafayev also met with Oil Minister of Iran Bijan Namdar Zanganeh, where Mustafayev mentioned that Iran can use Azerbaijani infrastructure to export its oil and gas to Europe and later join the Trans-Anatolian Natural Gas Pipeline (TANAP).

The Iranian Minister said that trade between the two countries is currently estimated at 500 million USD, which can grow several times.


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  1. State-Of-Emergency said:

    Nothing to gloat about. he’s talking about fellow Muslim Azerbaijan.

    Although Armenia praised the nuclear deal, it will prove to be fatal to Armenia in the long run. Iran no longer needs to play nice with anyone now that they’re legitimate. They’ll pursue their interests with the big boys from now on. Any little strategic importance we possessed just became immaterial, irrelevant, and unnecessary.

  2. Norin said:

    So let me get this straight. For nearly 10 years Iran has been under heavy sanction by the Great Powers and in the verge of economic collapse, all the while Azerbaijan hosted Israeli jets and allowed Israeli planes access to its air space when Israel was considering strategic bombings of Irans nuclear facilities. They also helped launch drones from Azeri air fields against Iran. During this time Iran received quite bit of support both morally on the international stage and logistically from Armenia, as much as could be mustered by our little nation.

    Now that the tough times are over and financial windfalls are in the horizon, President Rouhani addresses the region by forecasting increase lucrative cooperation with Azerbaijan instead of Armenia? Did I miss something is Rouhani practicing extremely selective memory here? Politicsl is politics but this is just a slap in the face of Armenia, did he forget the Azeris were trading Air fields with Israel just a few years ago I return for Israeli weapons

    Classic Persian diplomacy at work here, parsike menuma parsik. Shame on you Mr. President for exercising such moral selectivity!

  3. zarkim said:

    Iran desperately tries to get friend with the west even if it has to befriend some countries that have not helped Iran in the past and have done damage to it.
    Each time Iran wants to Get Smart it makes more mistakes and further sinks in the mud.
    Removing sanctions is one thing and getting the hundred billion dollars from USA is another thing. If not careful it is going to cost Iran more…
    Until now Iran has danced to Russian tune and has enjoyed Russia’s protection. Soon Iran will be in uncharted waters and will need to differentiate its enemies from its friends or burn form both fires.
    The way I see it, Iran will never get what it expects from all these promises unless it is prepared to change its spots. Which is not possible.