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Iran gives Armenia $30 mln-loan for gas pipeline

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  • Iran gives Armenia $30 mln-loan for gas pipeline

    Iran gives Armenia $30 mln-loan for gas pipeline

    IranMania News, Iran
    Sept 9 2004

    LONDON, Sep 9 (IranMania) - Iran has extended a 30-million-dollar
    (25-million-euro) loan to Armenia to build a gas pipeline between the
    two countries, Armenian President Robert Kotcharian said on Wednesday.

    According to Agence France Press (AFP), the loan should enable Yerevan
    to finance the 41 kilometres of the 141-kilometre (88-mile) pipeline
    that cross Armenian territory, Kocharian told journalists after a
    meeting with his Iranian counterpart, Mohammad Khatami.

    The construction contract has been awarded to Iranian company Sanir.

    Iran and Armenia signed a contract in May, under which Iran will
    supply Armenia with a total of 36 bln cubic metres of gas over a
    20-year period, expected to start in early 2007.
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