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Interfax, Russia
April 12 2012
Building of oil-product pipeline from Iran to Armenia to begin in next 2 yrs
YEREVAN. April 12
The construction of an oil-product pipeline running from Iran to
Armenia is tentatively scheduled to start in the next year or two,
having earlier been planned to start late last year,Armenian Energy
and Natural Resources Minister Armen Movsisian said at a government
meeting on Thursday.
It should be completed two years from now, he said.
The Armenian government confirmed the rules for using the trunk
oil-product pipeline running from Tabriz in Iran to Yerask in southern
Armenia at the Thursday meeting. "This project is connected with the
building of a new oil-product pipeline, and we are obligated confirm
the technical rules at first," Prime Minister Tigran Sarkisian said.
The draft 'Norms of the Technical Exploitation of a Trunk Oil-Product
Pipeline' was drawn up with the aim of ensuring safety in the process
of delivering, storing, and selling Iranian oil products in Armenia.
The cost of building the pipeline on Armenia territory is an estimated
$100 million. Plans call for the money to come from Iran, and then
Iran will make profit on the sale of oil products inArmenia. Plans
also call for the setting up of a joint venture on an equal basis.
Armenian Customs Services figures show the republic's 2011 oil-product
imports decreased to 357,661 tonnes from 379,000 tonnes in 2010.
Because of the high cost of gasoline, many vehicles already have
changed to gas.
The pipeline will give Armenia the opportunity to acquire oil products
at Persian Gulf country prices, or $15-$20 per tonne lower than
European prices. The delivery of fuel from Iran will make it possible
to substantially cut transport expenses and make prices competitive on
the domestic market. Also, it will increase the country's energy
security.
Cf
From: A. Papazian
April 12 2012
Building of oil-product pipeline from Iran to Armenia to begin in next 2 yrs
YEREVAN. April 12
The construction of an oil-product pipeline running from Iran to
Armenia is tentatively scheduled to start in the next year or two,
having earlier been planned to start late last year,Armenian Energy
and Natural Resources Minister Armen Movsisian said at a government
meeting on Thursday.
It should be completed two years from now, he said.
The Armenian government confirmed the rules for using the trunk
oil-product pipeline running from Tabriz in Iran to Yerask in southern
Armenia at the Thursday meeting. "This project is connected with the
building of a new oil-product pipeline, and we are obligated confirm
the technical rules at first," Prime Minister Tigran Sarkisian said.
The draft 'Norms of the Technical Exploitation of a Trunk Oil-Product
Pipeline' was drawn up with the aim of ensuring safety in the process
of delivering, storing, and selling Iranian oil products in Armenia.
The cost of building the pipeline on Armenia territory is an estimated
$100 million. Plans call for the money to come from Iran, and then
Iran will make profit on the sale of oil products inArmenia. Plans
also call for the setting up of a joint venture on an equal basis.
Armenian Customs Services figures show the republic's 2011 oil-product
imports decreased to 357,661 tonnes from 379,000 tonnes in 2010.
Because of the high cost of gasoline, many vehicles already have
changed to gas.
The pipeline will give Armenia the opportunity to acquire oil products
at Persian Gulf country prices, or $15-$20 per tonne lower than
European prices. The delivery of fuel from Iran will make it possible
to substantially cut transport expenses and make prices competitive on
the domestic market. Also, it will increase the country's energy
security.
Cf
From: A. Papazian