ARMENIA, IRAN REACH PRELIMINARY AGREEMENT ON OIL PIPELINE CONSTRUCTION

Mediamax
Dec 19 2008
Armenia

Yerevan, 19 December: Armenia and Iran have reached a preliminary
agreement on constructing a pipeline to supply oil products, Minister
of Energy of Armenia Armen Movsisyan stated in an interview to
Mediamax today.

He noted that they plan to start the construction in 2009 and conclude
it in the course of two years.

"After the launch of the oil products pipeline, Armenia will not
renounce other sources of oil product import," Armen Movsisyan stated.

The minister noted that the project on constructing an oil-processing
plant in the territory in Armenia remains in effect, and at present
the works on technical-economic grounding [feasibility study] of the
project are in process.