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Construction of Iran-Armenia pipeline begins

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  • Construction of Iran-Armenia pipeline begins

    RIA Novosti, Russia
    Nov 30 2004

    CONSTRUCTION OF IRAN-ARMENIA PIPELINE BEGINS


    YEREVAN, November 30 (RIA Novosti, Gamlet Matevosyan) - A ceremony to
    mark the beginning of construction of the Megri-Kadzharan section of
    the Iran-Armenia gas pipeline will be held in southern Armenia's
    Syuni region on Tuesday.

    A spokesman for Armenia's government told RIA Novosti that Armenia
    Prime Minister Andrianik Markaryan would lead a delegation at the
    ceremony.

    Mr. Markaryan will also attend the opening of the second Iran-Armenia
    power lines.

    A delegation from Iran, led by Energy Minister Habibollah Bitaraf,
    will also attend the opening ceremony in the Syuni region.

    Armenian Energy Ministry Levon Vardanyan said the construction of a
    41km pipeline in Armenia would start with the Megri-Kadzharan
    section. He said that Iran agreed to finance the project.

    On May 13, 2004, Armenia and Iran signed a treaty in Yerevan on the
    construction of the Iran-Armenia gas pipeline. Under the treaty,
    Armenia will receive 36 billion cubic meters of Iranian gas over 20
    years. Armenia will pay for the gas with electricity. The pipeline
    will also allow Armenia to receive Turkmen gas transported through
    Iran.

    The construction of the pipeline, 700mm in diameter and 141km long,
    is planned to be completed at the end of 2006. According to the
    preliminary estimates, Armenia will invest about $90 million and Iran
    will invest about $120 million in the construction.
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