Iran and Azerbaijan sign Oil & Gas MoU

The National Iranian Oil Company (NIOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have recently signed a memorandum of understanding (MoU) on oil and gas industry. The document was recently signed during the Azerbaijani President Ilham Aliyev’s visit to Tehran in a ceremony attended by him and Iranian President Hassan Rouhani. 
Ghadir Investment Company and SOCAR have also reached an agreement on oil, gas, and medical products. Iran and Azerbaijan have signed 11 agreements and memorandum of understanding to improve and speed up cooperation in different fields.
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