The annual gas transfer capacity will reach 350 million cubic meters, Alikhan Malikov added.
Iran is due to export natural gas to the Autonomous Republic of Nakhichevan.
Nakhichevan needs 250 million cubic meters of natural gas per year, said Malikov adding that the country requires 100 million cubic meters more to supply its power plant.
He said a 42-km-long gas pipeline will become operational between Jolfa and Nakhichevan to put the project into practice.
The two sides reached the agreement during Iranian President Seyed Mohammad Khatami's visit to the autonomous republic.
... Payvand News - 9/3/04 ... --