IRAN-ARMENIA OIL PIPELINE CONSTRUCTION BEGINS
AZTAG DAILY
25/3/2009
TEHRAN (FNA)- Armenian Minister of Energy and Natural Resources
Armen Movsisyan announced the beginning of Iran-Armenia oil pipeline
construction.
According to the report of Armenian news agency "Arminfo", Movsisyan
in a press conference in Yerevan, capital of Armenia, on Tuesday
declared the beginning of construction work of the pipeline and said
the pipeline will transfer oil products such as gasoline and gas from
Tabriz refinery to Armenia.
Iran and Armenia reached a primary agreement on construction of a
300-kilometer pipeline from Iranian northwestern city of Tabriz to
the border city of Mughri, in Armenia in 2007, the Islamic republic
news agency reported.
Movsisyan estimated the construction expenditure about 240 million
dollars which will be paid by Iran in the form of a loan.
From: Emil Lazarian | Ararat NewsPress