ArmRosgazprom to Exercise Iran-Armenia Gas Pipeline Exploitation

PanARMENIAN.Net
22.12.2006 16:56 GMT+04:00

/PanARMENIAN.Net/ The concluding construction works at the
Iran-Armenia gas pipeline will be finished by the end of the
current year. After the essential tests the Iranian gas will be
pumped to Armenia, RA Energy Minister Armen Movsisyan told a news
conference in Yerevan. In his words, the exploitation of the gas
pipeline will be exercised by ArmRosrazprom while the gas pipeline
will be the property of High-Voltage Electric Networks state
company. "Exploitation of a pipeline by an experienced company is
economically beneficial. ArmRosrazprom is a company of the kind in
Armenia. It’s not ruled out that in future the 40-km gas pipeline
will be put on balance of ArmRosrazprom as an addition to the share
of the Armenian government in the authorized capital stock of the
company. With availability of beneficial terms bargain is quite
possible," the Minister added, reports IA Regnum.