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Iran-Armenia Pipeline Construction Starts

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  • Iran-Armenia Pipeline Construction Starts

    IRAN-ARMENIA PIPELINE CONSTRUCTION STARTS

    United Press International
    March 25 2009

    TEHRAN, March 25 (UPI) -- Armenia began construction on a 186-mile
    pipeline to bring oil products from the Tabriz refinery in northern
    Iran in exchange for electricity.

    "The pipeline would be a safe route for importing oil products to
    Armenia that will increase security of energy supply and decrease the
    cost of fuel import," Armenian Energy Minister Armen Movsisyan said.

    The project would bring 81 billion cubic feet of natural gas from
    refineries in Tabriz each year, which is about the same amount Armenia
    imports from Russia currently through Georgia.

    Armenia will exchange 3 kilowatts of electricity with Iran for each
    cubic meter (35.3 cubic feet) of oil products, Iran's Press TV reports.

    Both sides signed a series of agreements in the energy sector
    and tourist industry in December. A March 2007 deal outlined the
    provisions for an 87-mile natural gas pipeline meant to relieve
    Armenia's dependency on Russian resources.

    Europe and the surrounding region have moved to diversify the energy
    transit sector following a gas dispute between Ukraine and Russia
    that left European customers without gas for weeks in January.
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