TABRIZ (IRAN)-YERASKH (ARMENIA) OIL PIPELINE PRELIMINARILY ESTIMATED AT $240 MLN
ArmInfo
2008-12-22 14:25:00
The oil pipeline from Tabriz (Iran) to Yeraskh (Ararat region,
Armenia) will preliminarily be estimated at $240 mln, Armenian
Minister of Energy and Natural Resources Armen Movsisyan said at
today’s press-conference in Yerevan.
Movsisyan said the project was estimated before the global economic
crisis and may be re-estimated in the future. He also added that
construction of the oil pipeline will be launched in spring 2009 and
last 2 years. To implement this project, Armenia and Iran have agreed
to set up a joint venture on parity basis (fifty- fifty). At present
the parties are seeking for funds for the pipeline construction.
The minister added that the pipe will be 250 mm in diameter, which
will make it possible to completely satisfy Armenia’s demand for
fuel. Gasoline and diesel fuel will be delivered to Armenia from
the oil refinery in Tabriz. It is envisaged to build a terminal to
store the fuel in Yeraskh, Movsisyan said. He added that the pipeline
laying route will possibly coincide with that of the already built
Iran-Armenia gas pipeline. Transportation of the finished oil products
via the pipeline is several times cheaper than their delivery by car,
he said. Construction of Tabriz-Yeraskh oil pipeline will become
the first step towards construction of an oil refinery in Armenia,
he concluded.