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BUSINESSARMENIA, IRAN IN TALKS TO BUILD OIL PRODUCTS PIPELINE
RIA Novosti
08/11/2012
YEREVAN
Armenia and Iran are discussing joint projects to build a rail link
and an oil products pipeline, Armenian Energy Minister Armen Movsisyan
said on Thursday.
"I'll see together with [Iranian Energy Minister Majid] Namjou that
the implementation of these two major programs currently at the stage
of working discussions begins as soon as possible," Movsisyan said.
Movsisyan and Namjou are co-chairmen of the Armenian-Iranian
inter-governmental commission on economic cooperation.
"The implementation of these two projects will raise the level of
economic cooperation between the two countries," Movsisyan said.
Armenia and Iran initially planned to start the construction of the
oil products pipeline in 2011 and finish it in 2014. The pipeline
will deliver gasoline and diesel fuel from Iranian refineries and
other Persian Gulf countries to the Armenian town of Yeraskh via
Iran's Tabriz
The pipeline will allow Armenia to import petroleum products from
the Persian Gulf region at exchange-traded prices that are much lower
than European market prices and considerably cut transport expenses
compared with transportation by rail.
Armenia will invest $100 million to finance pipeline construction on
its territory.
The North-South (Iran-Armenia) railway will allow Armenia to use an
alternative route for the transportation of energy products and other
commodities and gain access to external markets.
RIA Novosti
08/11/2012
YEREVAN
Armenia and Iran are discussing joint projects to build a rail link
and an oil products pipeline, Armenian Energy Minister Armen Movsisyan
said on Thursday.
"I'll see together with [Iranian Energy Minister Majid] Namjou that
the implementation of these two major programs currently at the stage
of working discussions begins as soon as possible," Movsisyan said.
Movsisyan and Namjou are co-chairmen of the Armenian-Iranian
inter-governmental commission on economic cooperation.
"The implementation of these two projects will raise the level of
economic cooperation between the two countries," Movsisyan said.
Armenia and Iran initially planned to start the construction of the
oil products pipeline in 2011 and finish it in 2014. The pipeline
will deliver gasoline and diesel fuel from Iranian refineries and
other Persian Gulf countries to the Armenian town of Yeraskh via
Iran's Tabriz
The pipeline will allow Armenia to import petroleum products from
the Persian Gulf region at exchange-traded prices that are much lower
than European market prices and considerably cut transport expenses
compared with transportation by rail.
Armenia will invest $100 million to finance pipeline construction on
its territory.
The North-South (Iran-Armenia) railway will allow Armenia to use an
alternative route for the transportation of energy products and other
commodities and gain access to external markets.