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Iran and Azerbaijan to complete oil agreement by next month

14/03/2018 11:48 Oil Market

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Iranian oil minister, who met in Tehran Shahin Mustafayev, Azerbaijani Minister of Economy and Industry, affirmed that the oil negotiations held between Iran and Azerbaijan are positive and expressed the hope to finalize the talks successfully.

Bijan Namdar Zanganeh, the Iranian official, declared: “The Presidents of the two countries of Iran and Azerbaijan are significantly contributing to the bilateral relations of the two countries.”


Also, he iterated that the National Iranian Oil Company had good relations with the State Oil Company of the Azerbaijan Republic (SOCAR) and stated the intention to continue expanding these ties in the oil and gas sector.


Azerbaijani Minister of Economy and Industry Shahin Mostafiev for his part appreciated the role of the presidents of the two states and revealed that the relations between Iran and Azerbaijan are developing with the will of the presidents of the two nations.

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