«We will expand economic ties with Iran and Mazandaran,» stated Deputy Minister of Agriculture of Armenia Samvel Avetisian. As reported by Irna, after signing a memorandum on economic cooperation with Mazandaran province in Nur city S. Avetisian addressed the meeting with representatives of diverse departments, entrepreneurs and businessmen of Iran and Armenia. «Taking into account the high economic and agricultural potential of Mazandaran, the province can meet many of Yerevan needs successfully,» he noted. Mazandaran province is situated in the north of Iran along the Caspian shore. «In the course of our current four-day visit preconditions were formed for Armenian and Iranian entrepreneurs making investments in both countries,» Avetisian said. Mazandaran Vice-Governor Ali Akbar Mirluhi also delivered a speech at the meeting. «The memorandum signed by the parties concerned the cooperation in education, research, water resources, agriculture and fishing, as well as export of cattle breeding and gardening products,» he said. Avetisian also added that with the signing of the document proper conditions are formed for expansion of economic relations between Armenia and Mazandaran.» Mirluhi also noted that the parties have come to an understanding over the building of a butter-making plant in Armenia and $15 million should be allocated to that end. In his words the parties have also agreed to meet Armenia's needs by using the potential of Mazandaran province, to use the travel cooperation and to organize an exhibition of Mazandaran achievements in Yerevan.