EXPORT DEVELOPMENT BANK OF IRAN EXTENDED CONTRACT ON TERMS OF FINANCING OF IRAN- ARMENIA EXPORT GAS PIPELINE PROJECT

2007-11-28 14:06:00

ArmInfo. The Public Relations Department of the Export Development
Bank of Iran told IRNA that this Bank has extended the contract on the
terms of financing of Iran-Armenia export gas pipeline project. This
decision was made by request of RA Energy Ministry being the contract
party. Earlier, it was informed that the amount of this middle-term
contract makes up $27 mln, $20 mln of which have already been paid
by the Iranian bank. To note, the credit was extended by the Iranian
party for construction of the first section of the gas pipeline from
Meghri to Kajaran. The second section of the gas pipeline from Kajaran
to Ararat is being presently built by the "ArmRosgazprom" Company.