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Armenian, Iranian Ministers Sign Cooperation Accords, Discuss Energy

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  • Armenian, Iranian Ministers Sign Cooperation Accords, Discuss Energy

    ARMENIAN, IRANIAN MINISTERS SIGN COOPERATION ACCORDS, DISCUSS ENERGY PROJECTS

    Public Television of Armenia
    Dec 16 2008

    Armenian Energy and Natural Resources Minister Armen Movsisyan has
    wrapped up his visit to Iran. As part of the visit, Armenian and
    Iranian officials signed numerous cooperation accords on energy and
    other sectors. Iran will allocate 75m euros for the construction of
    a high-voltage power line in Armenia. The following is text of report
    by state-owned Armenian Public TV on 16 December

    [Presenter] Armenia will continue to implement large-scale projects
    with Iran. The Armenia-Iran gas pipeline will be tested soon. Iran will
    allocate 75m euros for the construction of a third high-voltage power
    line. A terminal will be constructed in Yeraskh [town in Armenia's
    Ararat Region close to the border with Iran], where Iranian fuel will
    be stored. This is only one point of the 71-point memorandum signed
    with our southern neighbour. Energy and Natural Resources Minister
    Armen Movsisyan has returned from Iran in a good mood and promising
    projects. Mher Arshakyan reports details from Tehran.

    [Correspondent over video of meeting between Armenian and Iranian
    delegations] Armenia and Iran are friendly countries, the Iranian
    foreign minister and chairman of the Armenian-Iranian intergovernmental
    commission, Manuchehr Mottaki, said yesterday [16 December]. Before
    meeting journalists Mottaki and Armenian co-chair of the commission,
    Energy and Natural Resources Minister Armen Movsisyan signed a 71-point
    memorandum on cooperation, which covers the energy system, oil, trade,
    banking system, agriculture, healthcare, education and other issues.

    [Mottaki speaking at a news conference in Persian with overlaid
    Armenian translation] Relations between the two countries are in
    important stage and we are happy about this.

    [Correspondent over video of news conference] Movsisyan assesses the
    two-day work as satisfactory. He believes that the Armenian side's
    achievements are tangible. In particular, the construction of the
    third high-voltage power line will start in Armenia next year, and
    this will require 75m euros.

    [Movsisyan speaking to microphone] Loan resources, which were provided
    by the Iranian government, will be used for this line's construction.

    [Correspondent over archive footage] The testing of the Armenia-Iran
    gas pipeline will be accomplished in two or three weeks and the
    arrangements for the provision of electric power in exchange for gas
    will be carried out by means of two high-voltage power lines. Movsisyan
    added that a terminal would be constructed in Yeraskh and Iranian
    fuel would be stored there.

    [Movsisyan speaking to microphone] The terminal envisages a pipeline,
    which will stretch from [Iran's] Tabriz to Yeraskh. Refined oil and
    oil products - petrol and diesel fuel- will be pumped to Armenia's
    Yeraskh from the Tabriz oil refinery via the pipeline.

    [Correspondent speaking over video of news conference] The construction
    of the terminal is also planned for the next year. Mottaki attached
    importance to the railway, which is under construction in East
    Azerbaijan [Province of Iran]. According to the preliminary plan, it
    will enter Armenia from the section of Culfa [town in the Azerbaijani
    exclave of Naxcivan].

    [Mottaki speaking at news conference in Persian with overlaid Armenian
    translation] If we succeed in constructing the railway, this will be
    one of our best work.

    [Correspondent] The Iranian foreign minister spoke about the global
    financial crisis and said that already many countries had incurred
    losses. Mottaki believes that Iran-Armenia economic cooperation
    has the capacity to withstand the crisis, but this will require
    serious efforts from both sides. Movsisyan said that the financial
    scheme of constructing a hydroelectric power plant on the River Aras
    will be prepared in a month or six weeks. According to preliminary
    estimations, its construction will require 240m dollars. A tender
    will be announced for its construction and a contractor to carry out
    the construction. Mher Arshakyan, Tehran, "Haylur".
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