Iran has signed a Memorandum of Understanding (MoU) to increase collaboration with Azerbaijan on its oil and gas projects in the Caspian Sea, according to Iranian news site Shana.
Addressing a joint press conference with Azeri President Ilham Aliyev on Sunday, President Rouhani referred to the MoU and the country’s joint oil and gas activities in the Caspian Sea.
"This will serve as an important step towards promotion of Tehran-Baku relations," said Rouhani.
Accompanied by a number of high-ranking Iranian officials and his cabinet ministers, President Rouhani arrived in Baku for a two-day visit on Sunday morning.
During the visit, President Rouhani attended trilateral talks among Iran, Russia and Azerbaijan and conferred with his Russian and Azeri counterparts on expansion of trilateral cooperation in commerce and energy projects.