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Iran and Azerbaijan Plan to Form Joint Oil Company

azərtac

The Islamic Republic’s Deputy Oil Minister for International and Commercial Affairs Amir Hossein Zamaninia stated that Iran seeks to form a joint oil company with Azerbaijan, Irna reports. 

According to the Iranian official, the company will be formed within the framework of a deal recently signed between the two parties.

"According to the signed document, a joint oil company should be established between the two countries, and we are now seeking to establish it," Zamaninia said, adding that the deal will come into force in the coming days.


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