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Iran-Armenia Gas Main's Output To Increase By Mid-Fall

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  • Iran-Armenia Gas Main's Output To Increase By Mid-Fall

    IRAN-ARMENIA GAS MAIN'S OUTPUT TO INCREASE BY MID-FALL

    ARKA
    Sep 4, 2008

    YEREVAN, September 4. /ARKA/. Activities to boost Iran-Armenia gas
    main's output, ensuring 2.5bln cubic meters of annual gas supplies
    to Armenia, will continue till early November, reported Armenia's
    President Serge Sargsian.

    He believes the construction of the pipeline was a major achievement
    for Armenia. "A number of important programs, including joint water
    consumption projects, construction of an oil refinery in Armenia and
    opening of Iran-Armenia railway, are under way," the President told
    Armenian diplomats.

    ArmRosGasProm, subsidiary of the Russian gas giant Gazprom, holds
    monopoly in Armenia's gas supply market. The company's shareholders
    are the Gasprom OJCS (72.16%), the RA Ministry of Energy (22.16%)
    and the Itera Oil and Gas Company (5.06%).
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