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Iran-Armenia Oil Pipeline Construction Begins

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  • Iran-Armenia Oil Pipeline Construction Begins

    IRAN-ARMENIA OIL PIPELINE CONSTRUCTION BEGINS

    AZTAG DAILY
    25/3/2009

    TEHRAN (FNA)- Armenian Minister of Energy and Natural Resources
    Armen Movsisyan announced the beginning of Iran-Armenia oil pipeline
    construction.

    According to the report of Armenian news agency "Arminfo", Movsisyan
    in a press conference in Yerevan, capital of Armenia, on Tuesday
    declared the beginning of construction work of the pipeline and said
    the pipeline will transfer oil products such as gasoline and gas from
    Tabriz refinery to Armenia.

    Iran and Armenia reached a primary agreement on construction of a
    300-kilometer pipeline from Iranian northwestern city of Tabriz to
    the border city of Mughri, in Armenia in 2007, the Islamic republic
    news agency reported.

    Movsisyan estimated the construction expenditure about 240 million
    dollars which will be paid by Iran in the form of a loan.

    From: Emil Lazarian | Ararat NewsPress
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