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ARMENIA, IRAN TO RENEW NEGOTIATIONS ON OIL PIPELINE
Oil and Gas Industry Latest News
http://www.oilandgaseurasia.com/news/p/0/news/12085
July 14 2011
Send to a FriendPrintArmenia and Iran have reached an agreement to
renew negotiations to build an oil pipeline, Armenian Energy and
Natural Resources Minister Armen Movsiyan said.
"We will soon have a working group meet on the issue", he said.
Movsiayn noted that the temporarily suspended talks were a result of
the growth in world oil prices which made the project unfeasible.
"Building a pipeline depends on factors like the price of oil. When
the price began to rise on the international markets, the Iranian
side decided to hold off on the project", he said.
At the beginning of the year, the minister said that construction
on the oil pipeline from Iran was o begin in 2011 and would take two
years to complete.
He said the project would require investments of $100 million.
From: Baghdasarian
Oil and Gas Industry Latest News
http://www.oilandgaseurasia.com/news/p/0/news/12085
July 14 2011
Send to a FriendPrintArmenia and Iran have reached an agreement to
renew negotiations to build an oil pipeline, Armenian Energy and
Natural Resources Minister Armen Movsiyan said.
"We will soon have a working group meet on the issue", he said.
Movsiayn noted that the temporarily suspended talks were a result of
the growth in world oil prices which made the project unfeasible.
"Building a pipeline depends on factors like the price of oil. When
the price began to rise on the international markets, the Iranian
side decided to hold off on the project", he said.
At the beginning of the year, the minister said that construction
on the oil pipeline from Iran was o begin in 2011 and would take two
years to complete.
He said the project would require investments of $100 million.
From: Baghdasarian