Project of construction of oil refinery in Armenia estimated at $2-3 bln
2008-06-06 17:34:00
ArmInfo. The project of construction of an oil refinery and the
necessary infrastructure in Armenia is estimated at $2-3 bln, Armenian
Minister of Energy and Natural Resources Armen Movsissyan said at a
press-conference, Friday.
According to him, a working group of Armenian, Russian and Iranian
representatives has been set up, which is working on the feasibility
study. "In 2 or 3 months it will be possible to make a specific
statement on the project’s details", the minister said. The financing,
capacities, place of construction and other issues are currently being
considered. Earlier it was planned to build the oil refinery in Meghri,
however, now a decision has been taken to build it near Yerevan to make
transportation of the finished products easier.
It was reported earlier that the refinery is to process the oil from
Iran and receive light petroleum products, particularly, gasoline and
diesel fuel. The refinery’s capacity will be 7,5 mln tons of crude oil
per year. About 1 mln tons of the oil products will be sold in Armenia,
the major part will be sold abroad.