The signing of documents on cooperation in the fields of energy and road construction concluded the 17th meeting of the Intergovernmental Turkmen-Iranian Commission on Economic Cooperation (IGC), held on November 17-18 in Ashgabat. This was reported on the website of the Ministry of Foreign Affairs of Turkmenistan.

 The meeting was held under the leadership of the co-chairs of the commission – Minister of Foreign Affairs of Turkmenistan Rashid Meredov and Minister of Road and Urban Construction of Iran Mehrdad Bazrpash.

 In particular, among the documents signed is a Framework Agreement between the State Electric Power Corporation «Turkmenenergo», the company «Tanawir» and the company «Sanergy Pishro Export and Energy Promotion» (Iran) to arrange financing for the Turkmen part of the Mary (Turkmenistan) – Mashhad (Iran) power transmission line.

 A Memorandum of Cooperation was also signed between the State Agency for the Management of Highway Construction of Turkmenistan and the Ministry of Road and Urban Construction of Iran for the construction of the Gumdag-Etrek (Turkmenistan) – Iranian border highway.

 The parties also signed the Protocol of the 17th meeting of the Intergovernmental Turkmen-Iranian Commission on Economic Cooperation.

 During the IGC meeting, representatives of Turkmenistan and Iran continued to discuss the development of bilateral relations in the trade and economic sector, in the field of transport and logistics, the oil and gas industry, industry, agriculture and water management, in the field of investment and standardization, and also analyzed the progress of implementation of the decisions of the previous meeting of the Intergovernmental  commissions.

 In the context of increasing cooperation in the fuel and energy sector, the Turkmen side announced its readiness to increase the volume of supplies of Turkmen natural gas to Iran via the Korpeje-Kurtkui gas pipeline.

 In the field of transport, the Turkmen side proposed intensifying the functioning of the transport and transit corridor along the route “China-Kazakhstan-Turkmenistan-Iran”.  In this context, it was noted that Turkmenistan has positive experience in implementing this project, which allows us to state today the high effectiveness of this route.

 In order to further develop trade relations, the Turkmen side put forward a proposal to create trade and economic zones on certain sections of the Turkmen-Iranian border.

 The meeting also addressed issues of developing cooperation between the regions of the two countries in the fields of science and education, culture, healthcare, sports and tourism, and environmental protection.