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TBILISI: Russia To Participate In Iran-Armenia Oil Pipeline

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  • TBILISI: Russia To Participate In Iran-Armenia Oil Pipeline

    RUSSIA TO PARTICIPATE IN IRAN-ARMENIA OIL PIPELINE

    The Messenger
    Nov 20 2009
    Georgia

    By Messenger Staff Friday, November 20 At the end of 2009 Armenia
    and Iran will start constructing the oil pipeline from the Iranian
    city of Tavriz to Armenia's Eraskh. As Minister of Energy of Armenia
    Armen Movsisian stated Russia will have 10% of this project. Through
    this pipeline Armenia will receive benzine and fuel.

    Initially the project envisaged building an oil refinery in the
    Armenian city of Megri, but Russia considered this impractical and
    later Gazprom decided to participate in this project instead. Analysts
    think that the average annual consumption of oil products by Armenia
    will not be more than 250,000 tonnes annually.

    From: Emil Lazarian | Ararat NewsPress
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