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Armenia, Iran Reach Preliminary Agreement On Oil Pipeline Constructi

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  • Armenia, Iran Reach Preliminary Agreement On Oil Pipeline Constructi

    ARMENIA, IRAN REACH PRELIMINARY AGREEMENT ON OIL PIPELINE CONSTRUCTION

    Mediamax
    Dec 19 2008
    Armenia

    Yerevan, 19 December: Armenia and Iran have reached a preliminary
    agreement on constructing a pipeline to supply oil products, Minister
    of Energy of Armenia Armen Movsisyan stated in an interview to
    Mediamax today.

    He noted that they plan to start the construction in 2009 and conclude
    it in the course of two years.

    "After the launch of the oil products pipeline, Armenia will not
    renounce other sources of oil product import," Armen Movsisyan stated.

    The minister noted that the project on constructing an oil-processing
    plant in the territory in Armenia remains in effect, and at present
    the works on technical-economic grounding [feasibility study] of the
    project are in process.
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