Iran's shipment to Armenia rises 15 percent in H1 YoY| MENAFN.COM

Monday, 30 January 2023 04:58 GMT

Iran's shipment to Armenia rises 15 percent in H1 YoY


(MENAFN) The worth of Iran’s shipment to Armenia surged 15 percent in the opening 6 months of the ongoing Iranian calendar year (March 21-October 22), from the same period of the prior year, an official with Iran’s Trade Promotion Organization (TPO) declared.

Rahmatollah Khormali, the director-general of the TPO's office of Central Asia, Caucasus, and Russia, recorded the worth of Iran’s shipment to its neighbor at nearly USD180 million in the six-month time span and stated that “Of course, these statistics exclude the export of gas to Armenia and is related to our goods trade with this country.”

Talking about the trade of gas and electricity among the two nations, he mentioned that last year, 120 million dollars of electricity as well as gas were traded among the two parties, and this number must be added to the trade exchange among both nations, and it is estimated that by the end of the year, the trade of gas and electricity among both nations is going to amount to 400 million dollars.

Mentioning the shipment of technical and engineering facilities to Armenia, Khormali asserted that “The construction of a 60-kilometer road is underway in this country, and four Iranian companies participated in the related tender, and the result will be determined in the coming days, and if this project is handed over to the Iranians it will add a good amount to the value of our export to this country.”

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