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Expert: Construction Of Iran-Armenia Oil Pipeline And Oil-Processing

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  • Expert: Construction Of Iran-Armenia Oil Pipeline And Oil-Processing

    EXPERT: CONSTRUCTION OF IRAN-ARMENIA OIL PIPELINE AND OIL-PROCESSING PLANT IN ARMENIA WILL INCREASE COUNTRY'S GEOPOLITICAL IMPORTANCE

    ArmInfo
    2008-07-11 17:21:00

    The construction of Iran-Armenia oil pipeline and an oil- processing
    plant in Armenia will increase the country's geopolitical importance
    since it will allow Armenia make a new breakthrough in economy and
    politics, Ruben Safrastyan, Professor, Director of Oriental Studies
    Institute, National Acedemy of Science says in an interview with
    ArmInfo.

    'It should be noted that the project has feasibility study and the
    calculations by Armenian and Russian experts testify to it', Safrastyan
    says. He believes the construction of the pipeline and the plant in
    Meghri, first of all, a geopolitical project which will also bring
    significant profit to the state budget. To recall, 'Gazprom Neft'
    Company displayed interested in the construction of Iran-Armenia
    oil-pipeline and the oil-processing plant earlier. The project
    will cost about 1.7 billion dollars. Inclusive of infrastructure
    construction, it may cost 2.7 billion dollars. The annual capacity
    of the plant must be 7 million tons of oil.

    Gazprom President Alexey Miller discussed the given project during
    his recent visit to Tehran.
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