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CONSTRUCTION ON IRAN-ARMENIA OIL PIPELINE TO BEGIN IN AUTUMN
Oil and Gas Industry Latest News
http://www.oilandgaseurasia.com/news/p/0/news/8031
July 15 2010
Send to a FriendPrintConstruction work on the Iran-Armenia oil
pipeline will begin in the autumn, Armenian Energy Minister Armen
Movsiyan said July 14. "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", Movsiyan said at a news conference.
He noted that only the state was investing in the pipeline at the
current time. "After the pipeline is built, a tender will be announced
for private companies, who have not invested in the construction,
to operate it", he said.
Earlier, the Armenian Energy Ministry announced that a joint
Armenian-Iranian working group was completing work to decide the
diameter of the future pipeline from Iranian refineries in Tebriz
to the Armenian city of Ersakh. Construction is to begin after these
assessments are made. Oil products will be stored at a terminal being
built in Ersakh. the pipeline will carry gasoline and diesel fuel.
From: A. Papazian
Oil and Gas Industry Latest News
http://www.oilandgaseurasia.com/news/p/0/news/8031
July 15 2010
Send to a FriendPrintConstruction work on the Iran-Armenia oil
pipeline will begin in the autumn, Armenian Energy Minister Armen
Movsiyan said July 14. "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", Movsiyan said at a news conference.
He noted that only the state was investing in the pipeline at the
current time. "After the pipeline is built, a tender will be announced
for private companies, who have not invested in the construction,
to operate it", he said.
Earlier, the Armenian Energy Ministry announced that a joint
Armenian-Iranian working group was completing work to decide the
diameter of the future pipeline from Iranian refineries in Tebriz
to the Armenian city of Ersakh. Construction is to begin after these
assessments are made. Oil products will be stored at a terminal being
built in Ersakh. the pipeline will carry gasoline and diesel fuel.
From: A. Papazian