Construction of Iran-Armenia products pipe line may start this year
04.06.2009,
23:53
RA Minister of Energy and Natural Resources Armen Movsisyan hopes that the construction of an Iran-Armenia products pipe line will be started this year.
YEREVAN, June 4. /ARKA/. RA Minister of Energy and Natural Resources Armen Movsisyan hopes that the construction of an Iran-Armenia products pipe line will be started this year.
The pipe line will allow Armenia to import gasoline and diesel fuel from Iran.
“Active work to start the construction this year is under way,” Movsisyan told reporters.
He said that an Iranian work group is soon to visit Armenia to agree on technical issues, which will allow the sides to launch the project.
The Minister also reported that Armenia and Iran signed a joint-stock agreement on equal shares in the products pipe line.
“Considering Armenia’s limited resources, the Iranian side agreed to make the necessary investments in the pipeline provided that the Armenian side returned the funds,” Movsisyan said. The construction of the pipeline and a terminal in Armenia is estimated at US $240-250mln.
An oil refinery may be a component of the complex. The terminal is expected to be constructed in Yeraskh, Armenia. Gasoline and diesel fuel from the oil refinery in Tabriz, Iran, will be piped to the Yeraskh terminal for further distribution in Armenia. –0--
The pipe line will allow Armenia to import gasoline and diesel fuel from Iran.
“Active work to start the construction this year is under way,” Movsisyan told reporters.
He said that an Iranian work group is soon to visit Armenia to agree on technical issues, which will allow the sides to launch the project.
The Minister also reported that Armenia and Iran signed a joint-stock agreement on equal shares in the products pipe line.
“Considering Armenia’s limited resources, the Iranian side agreed to make the necessary investments in the pipeline provided that the Armenian side returned the funds,” Movsisyan said. The construction of the pipeline and a terminal in Armenia is estimated at US $240-250mln.
An oil refinery may be a component of the complex. The terminal is expected to be constructed in Yeraskh, Armenia. Gasoline and diesel fuel from the oil refinery in Tabriz, Iran, will be piped to the Yeraskh terminal for further distribution in Armenia. –0--
