Tweet
SteelGuru, India
nov 11 2012
Armenia and Iran in talks to build oil products pipeline
RIA Novosti reported that Armenia and Iran are discussing joint
projects to build a rail link and an oil products pipeline.
Mr Armen Movsisyan energy minister of Armenia said that `I'll see
together with Mr Majid Namjou energy minister of Iran that the
implementation of these two major programs currently at the stage of
working discussions begins as soon as possible.'
Mr Movsisyan said that `The implementation of these two projects will
raise the level of economic cooperation between the two countries.'
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 USD 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.
http://www.steelguru.com/russian_news/Armenia_and_Iran_in_talks_to_build_oil_products_pi peline/291297.html
nov 11 2012
Armenia and Iran in talks to build oil products pipeline
RIA Novosti reported that Armenia and Iran are discussing joint
projects to build a rail link and an oil products pipeline.
Mr Armen Movsisyan energy minister of Armenia said that `I'll see
together with Mr Majid Namjou energy minister of Iran that the
implementation of these two major programs currently at the stage of
working discussions begins as soon as possible.'
Mr Movsisyan said that `The implementation of these two projects will
raise the level of economic cooperation between the two countries.'
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 USD 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.
http://www.steelguru.com/russian_news/Armenia_and_Iran_in_talks_to_build_oil_products_pi peline/291297.html