Contruction of oil pipleline, oil terminal in Armenia estimated at $240-260mln
20.03.2009,
23:16
The construction of an oil pipeline and oil terminal is estimated at $240-260mln, RA Minister of Energy Armen Movsisyan told ARKA.
YEREVAN, March 20. /ARKA/. The construction of an oil pipeline and oil terminal is estimated at $240-260mln, RA Minister of Energy Armen Movsisyan told ARKA.
“The figure will be specified after the project work has been completed in two months,” he said.
The Minister said that the work is under way and field operations will be launched this year.
“I mean the construction of platforms, transportation and pipe welding,” the Minister said.
Movsisyan pointed out that an oil refinery may form part of the oil complex.
“The issue is regularly discussed. It will be an Armenian-Iranian JV. The funds are being attracted from Iran provided they are returned in the future,” the Minister said.
In his earlier interviews, Minister Movsisyan stated that Armenia and Iran reached an agreement on the construction of an oil terminal in Yeraskh, Armenia. Petrol and diesel fuel is to be piped to Yeraskh from Tabriz, Iran, for further distribution in Armenia. –0--
“The figure will be specified after the project work has been completed in two months,” he said.
The Minister said that the work is under way and field operations will be launched this year.
“I mean the construction of platforms, transportation and pipe welding,” the Minister said.
Movsisyan pointed out that an oil refinery may form part of the oil complex.
“The issue is regularly discussed. It will be an Armenian-Iranian JV. The funds are being attracted from Iran provided they are returned in the future,” the Minister said.
In his earlier interviews, Minister Movsisyan stated that Armenia and Iran reached an agreement on the construction of an oil terminal in Yeraskh, Armenia. Petrol and diesel fuel is to be piped to Yeraskh from Tabriz, Iran, for further distribution in Armenia. –0--
