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ARMENIAN PM: ECONOMIC PROJECTS WITH IRAN REMAIN IN FORCE
http://www.tehrantimes.com/economy-and-business/97515-armenian-pm-economic-projects-with-iran-remain-in-force
On Line: 04 May 2012 16:15
In Print: Saturday 05 May 2012
Armenian Prime Minister Tigran Sarkisian has confirmed that the
joint major economic projects with Iran remain in force and being
implemented, Novosti-Armenia news agency reports.
Sarkisian added that one project in particular, is the construction
of an oil pipeline and hydroelectric power plants on the river Araz.
"The contracts are signed, the solution adopted, permits given and
construction will start," Sarkisian said in an interview with Shant TV.
Speaking of the oil pipeline project, the prime minister noted that
the design work is now underway to determine the total cost of the
programme, its effectiveness and forms of investment.
Armenia and Iran are engaged in a number of joint energy projects.
The construction of Iran-Armenia oil pipeline scheduled to begin
last year and completed in 2014. This facility will enable Armenia
to transport petroleum products (gasoline and diesel fuel) not only
from Iranian oil refineries, but also from the Gulf countries in the
Iranian city of Tabriz and from there to the Armenian city of Yeraskh,
where they will be stored in the newly built terminal.
It will enable the purchase of oil products from the Persian Gulf
at stock prices that are significantly below the Mediterranean, as
well as significantly reduce transportation costs compared to rail or
other alternative delivery systems. Construction of the pipeline over
the territory of Armenia will be financed by the Armenian side which
will invest $100 million, while over Iranian territory, respectively
by Iran.
Armenia and Iran are also planning to build two high powered
hydroelectric stations in the South Caucasus at the Araz border river.
The Armenian side of the HPP will be located in Meghri, Iranian -
in Karachilare.
Each of the stations will annually produce up to 793 million kW /
h of electricity. The estimated capacity of HPP will be 130 MW. Its
construction will last for five years and is estimated at a cost of
$323 million which is financed by the Iranian investment company.
http://www.tehrantimes.com/economy-and-business/97515-armenian-pm-economic-projects-with-iran-remain-in-force
On Line: 04 May 2012 16:15
In Print: Saturday 05 May 2012
Armenian Prime Minister Tigran Sarkisian has confirmed that the
joint major economic projects with Iran remain in force and being
implemented, Novosti-Armenia news agency reports.
Sarkisian added that one project in particular, is the construction
of an oil pipeline and hydroelectric power plants on the river Araz.
"The contracts are signed, the solution adopted, permits given and
construction will start," Sarkisian said in an interview with Shant TV.
Speaking of the oil pipeline project, the prime minister noted that
the design work is now underway to determine the total cost of the
programme, its effectiveness and forms of investment.
Armenia and Iran are engaged in a number of joint energy projects.
The construction of Iran-Armenia oil pipeline scheduled to begin
last year and completed in 2014. This facility will enable Armenia
to transport petroleum products (gasoline and diesel fuel) not only
from Iranian oil refineries, but also from the Gulf countries in the
Iranian city of Tabriz and from there to the Armenian city of Yeraskh,
where they will be stored in the newly built terminal.
It will enable the purchase of oil products from the Persian Gulf
at stock prices that are significantly below the Mediterranean, as
well as significantly reduce transportation costs compared to rail or
other alternative delivery systems. Construction of the pipeline over
the territory of Armenia will be financed by the Armenian side which
will invest $100 million, while over Iranian territory, respectively
by Iran.
Armenia and Iran are also planning to build two high powered
hydroelectric stations in the South Caucasus at the Araz border river.
The Armenian side of the HPP will be located in Meghri, Iranian -
in Karachilare.
Each of the stations will annually produce up to 793 million kW /
h of electricity. The estimated capacity of HPP will be 130 MW. Its
construction will last for five years and is estimated at a cost of
$323 million which is financed by the Iranian investment company.