Tigran Sarkisian said that Armenia attaches importance to it relations with Iran based on mutual respect.
He further added that closer cooperation with Iran can be positive in reducing Armenia's economic problems.
Iranian ambassador also said the two countries should use their banking capabilities in joint projects.
The two nations have forged close economic and trade relations.
Armenian President Robert Kocharian said here in July that Iran-Armenia gas pipeline project is of great importance to Yerevan.
ArmeRuss Gazprom and Gazprom companies voiced readiness in June to contribute to Iran-Armenia gas pipeline project.
The two companies have started feasibility study on the technical and economic aspects of the project and a group of engineers, being members of the working group, visited the regions in Armenia from where the pipeline is going to pass.
Experts believe that Iran-Armenia pipeline project is of strategic importance to Armenia for not passing the critical spots in northern Caucasus and Georgia.
Iran and Armenia signed agreement on the 142-km gas pipeline project in 2001, under which the republic would receive 1,500,000 cubic meters of gas from Iran a day.
... Payvand News - 8/26/04 ... --