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Iran To Fully Finance Tebriz-Eraskh Oil Pipeline At $250 Mln

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  • Iran To Fully Finance Tebriz-Eraskh Oil Pipeline At $250 Mln

    IRAN TO FULLY FINANCE TEBRIZ-ERASKH OIL PIPELINE AT $250 MLN

    ArmInfo
    -06-03 15:47:00

    ArmInfo. Iran will fully finance Tebriz-Eraskh oil pipeline at $250
    mln with a condition that Armenia will later repay its participation,
    Armenian Energy and Natural Resources Minister Armen Movsisyan told
    journalists Wednesday.

    He also added that such an arrangement has been recently made as
    at present Armenia suffers financial problems and cannot pay its
    share in the project, in which both countries are taking part on a
    parity basis. The minister said that in the near future the working
    group of Iranian specialists will arrive in Yerevan to discuss final
    option of the technical and economic assessment of the project. 'We
    are doing everything possible to build the oil pipeline this year',
    - the minister said.
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