Iran, Armenia ratify gas pipeline construction project

ITAR-TASS
April 19, 2004

YEREVAN, April 19 — Iran and Armenia have ratified a gas pipeline
construction project worth 5 billion U.S. dollars, the Prime-Tass
economic news agency reports.

The pipeline will carry gas from Iran to Armenia via Georgian
territory.

The two parties plan to sign the final agreement during a visit of
Iranian Oil and Gas Minister Bezhan Zagane to Armenia.

Under this project, Iran intends to pump natural gas not only to
Armenia but also to the European market, Iranian Ambassador to Armenia
Parhad Collain said.

The pipeline will run to the Black Sea, Ukraine and farther to
Europe. In addition, Armenia will be able to get energy supplies
from alternative sources.