Trend News Agency, Azerbaijan
Sept 12 2008
Iran, Armenia and Russia to Investigate New Oil Pipeline Construction Project
12.09.08 15:37
Azerbaijan, Baku, 12 September / Trend Capital / According to the
Armenian Industry and Energy Ministry, Iran, Armenia and Russia
investigate the joint oil pipeline construction project. This was
reported by Iranian Isna agency.
`At present, the trilateral special commission from Armenia, Iran and
Russia on construction of an oil refining in Armenia, has commenced
investigation to lay an oil pipeline,’ Armen Movsisyan, the Armenian
Industry and Energy Minister, said.
The oil refining, which is expected to be built in Armenia, will
produce 7mln tons oil per year. Construction’s cost is $2.5bln or
$3bln.