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Yerevan invites Kyiv to Iran-Armenia pipeline tender

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  • Yerevan invites Kyiv to Iran-Armenia pipeline tender

    Yerevan invites Kyiv to Iran-Armenia pipeline tender

    Interfax
    May 12 2004

    Moscow. (Interfax) - Armenia is inviting Ukraine to bid in a tender
    for the building of an Iran-Armenia gas pipeline, Armenian Prime
    Minister Andranik Margaryan announced at a joint press conference
    with his Ukrainian counterpart Viktor Yanukovich on Tuesday in the
    Ukrainian capital.

    Margaryan said this was one of the main topics discussed by the
    Armenian-Ukrainian commission for trade and economic relations
    on Tuesday.

    He noted that his country and Iran are engaged in technical
    consultations, after which will be discussions of financial details
    and then the announcement of the construction tender.

    "We are confident Ukraine will take part in it," Margaryan said.

    As reported earlier, a final agreement on building the gas pipeline
    is expected to be signed in late May during a visit to Yerevan by
    Irani Oil and Gas Minister Bijan Zanganeh.

    The actual construction is slated to begin late this year and be
    completed sometime in 2006.

    According to documents signed earlier, the Iran-Armenia pipeline will
    run 141 kilometers, 100 km in Iran and 41 km in Armenia. The project
    price tag is estimated at $120 million. Plans are for Armenia to
    receive 700 million cubic meters of gas per year via the pipeline
    initially, up to 1.5 billion cubic meters later on. Armenia will
    pay for the Irani gas with electricity at 3 kilowatt/hours per cubic
    meter of gas.

    Building this pipeline has been a discussion subject since 1992.
    Aside from the main project players, Russia, Turkmenistan, Ukraine,
    China and some European Union countries have shown interest. The
    European Bank for Reconstruction and Development (EBRD) has announced
    its readiness to be part of the project financing.

    From: Emil Lazarian | Ararat NewsPress
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