Iran and Saudi Arabia have signed an agreement worth 500 million euros to construct a combined cycle power plant in Heris, East Azerbaijan province.

Iranian Minister of Industries and Mines Ali Akbar Mehrabian here Monday held talks with the Turkish energy minister on the sidelines of the 12th annual conference of United Nations Industrial Development Organization (UNIDO).

TEHRAN, Dec. 3 (MNA) — President Mahmud Ahmadinejad submitted 12 proposals meant to “reinforce brotherly ties” and “promote cooperation” among Persian Gulf littoral states at the 28th summit of the Persian Gulf Cooperation Council in Doha on Monday.