TEHRAN - Iranian President Mahmoud Ahmadinejad will travel to Armenia on Monday as the head of a high-ranking political-economic delegation for talks, the local English language satellite Press TV reported Sunday.
Ahmadinejad's official visit to Armenia is in line with the developing and deepening of relations between the two countries, said the report.
During the day-long trip, Ahmadinejad will hold talks with Armenian president and will also meet some of the country's officials, said the report.
The two sides are to sign memoranda of understanding on mutual economic cooperation. In the past years, Iran and its northern neighbor Armenia have signed agreements on energy cooperation and agreed to cooperate in technology and research and to enhance ties in commerce and economy.
In January, Armenia and Iran struck a deal on constructing an oil pipeline between the two countries which could cost 240 million U.S. dollars to complete. (Xinhua)