Monday, June 18, 2012 -
Iranian has inked a deal to export $80 million worth of aluminum to Tajikistan, the government-controlled Iranian news agency reported on Friday.
The Memorandum of Understanding (MoU) was signed between Iran’s Alumina Company and Tajik leaders, the Islamic Republic News Agency (IRNA) reported.
The deliveries will take place over the next 20 months, and will be transported to Tajikistan via rail.
Tajikistan’s main aluminum-producing firm, TALCO, has had difficulty making its projected targets after its neighbor Uzbekistan shut off gas supplies to the country on April 1.
Aluminum output at the state-owned enterprise dropped 7.4 percent by the end of May due to the fuel shortage, a source said earlier this month.
The source at the firm also said that production fell due to a modernization program being undertaken by the plant.