Iran: Iran and the Republic of Azerbaijan on Monday signed a memorandum of understanding outlining expanded bilateral cooperation in transport, energy, water, and other economic, cultural, and social sectors. The document was finalized at the 17th session of the Joint Commission on Economic Cooperation between the Islamic Republic of Iran and the Republic of Azerbaijan.

According to Islamic Republic News Agency, the memorandum was signed by Iran's Minister of Roads and Urban Development, Farzaneh Sadegh, and Azerbaijan's Deputy Prime Minister Shahin Mustafayev. The agreement establishes a framework for bilateral cooperation in infrastructure, energy, water resources, and a range of economic and social sectors.

In the field of transport, the two sides discussed and reached understandings on road transportation, border management, and the expansion of rail links. In the energy sector, cooperation on oil blocks one and two was approved, along with the establishment of a joint working group to follow up and implement related memoranda. In the electricity sector, the sides agreed on connecting the power grids of Iran, Azerbaijan, and Russia, as well as on the export of Azerbaijani electricity to Iran.

Beyond infrastructure and energy, the two countries reached understandings in other sectors, including sports and youth affairs, cultural and social cooperation, tourism, agriculture, customs, industry, and investment.