Tweet
IRAN-ARMENIA TO LAY PIPELINE IN FALL
Press TV
July 15 2010
Iran
Armenian Minister of Oil and Natural Resources Armen Movsisyan says
the project to lay the Iran-Armenia oil pipeline will be undertaken
by fall 2010.
The pipeline will carry petrol and diesel fuel from Tabriz refineries
in northwestern Iran to the Armenian city of Ersakh, Movsisyan said.
"It is estimated that the oil pipeline will cost $160-180 million,
and Armenia and Iran will split financing for the project fifty-fifty.
There is an agreement with the Iranian side that Iran will invest in
the project and Armenia will pay its part as it receives dividends,"
the Public Radio of Armenia quoted Movsisyan as telling a press
conference on Thursday.
Movsisyan added that Yerevan and Tehran would be the only investors in
the project for the time being but a tender would be held for private
companies to participate in the plan after the pipeline is complete.
The news comes despite the US-sponsored sanctions against Iran over its
peaceful nuclear activities. The sanctions are, among other things,
aimed at restricting Iran's energy ties with the international
community.
From: A. Papazian
Press TV
July 15 2010
Iran
Armenian Minister of Oil and Natural Resources Armen Movsisyan says
the project to lay the Iran-Armenia oil pipeline will be undertaken
by fall 2010.
The pipeline will carry petrol and diesel fuel from Tabriz refineries
in northwestern Iran to the Armenian city of Ersakh, Movsisyan said.
"It is estimated that the oil pipeline will cost $160-180 million,
and Armenia and Iran will split financing for the project fifty-fifty.
There is an agreement with the Iranian side that Iran will invest in
the project and Armenia will pay its part as it receives dividends,"
the Public Radio of Armenia quoted Movsisyan as telling a press
conference on Thursday.
Movsisyan added that Yerevan and Tehran would be the only investors in
the project for the time being but a tender would be held for private
companies to participate in the plan after the pipeline is complete.
The news comes despite the US-sponsored sanctions against Iran over its
peaceful nuclear activities. The sanctions are, among other things,
aimed at restricting Iran's energy ties with the international
community.
From: A. Papazian