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Iran and Turkey in joint cooperation roadmap

New roadmap sees both nations collaborating on energy projects

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Iran and Turkey in joint roadmap agreement. (Getty Images)
Iran and Turkey in joint roadmap agreement. (Getty Images)

Iran and Turkey have finalised an energy roadmap with the intention of boosting investment and cooperation between the two countries, a report by the Tehran Times has revealed.

Speaking at a joint press conference with the Turkish Energy Minister Taner Yildiz in Ankara, the Iranian Energy Minister, Majid Namjou, hailed the efforts made by teams of experts from both countries, saying that the agreement will have a “promising prospect” for Iran/Turkey energy transactions, boosting the two nations’ electricity transmission capacity from 500 megawatts to 1,000 megawatts.

In addition, the agreement is intended to bring about further cooperation in terms of renewable energy, and the Turkish minister, Taner Yildiz, also added that the new roadmap would help create fresh investments for both nations, after agreeing to establish technical committees to pave the way for investment in the private sector, especially on renewable energy.
 

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