Armenia Transfers Important Energy Objects To Russia

Prime News Agency, Georgia
March 31 2006

Tbilisi, March 31 (Prime-News) – Yerevan newspaper “Aikakan Jamanak”,
referring to reliable sources, states that Russia and Armenia have
signed an agreement on transference of the 5th power unit of Razdan
thermoelectric power station and Iran-Armenia gas pipeline to the
Russian party.

According to the newspaper, the 5th power unit of the thermoelectric
power station will be transferred to the Russian party for USD 250
million, which will allow purchase of Russian gas at the reduced
price for 2,5 years.

Besides, Russian party could become owner of Iran-Armenia gas pipeline.

“Iran could hamper the agreement, thus Iranian party will not do
it if Moscow does not put obstacles to its nuclear program” – reads
the newspaper.

According to the newspaper, not so long ago a reception was held at
Armenian Ministry of Energy with participation of Russian ‘Gazprom’
high-ranking officials.

From: Emil Lazarian | Ararat NewsPress