Iran and Bahrain are utilizing all the existing potentials to further expand mutual cooperation and relations, Iranian Foreign Ministry Spokesman Seyed Mohammad Ali Hosseini said.

Iran and Belarus here Wednesday signed a new form of buy-back contract on development of ‘Jofeireh’ oil field in Iran’s oil-rich province of Khuzestan near the Iraqi borders.

Iran’s economic growth last year surpassed 7%, said President Mahmoud Ahmadinejad here on Wednesday.