IRAN TO FULLY FINANCE TEBRIZ-ERASKH OIL PIPELINE AT $250 MLN
ArmInfo
-06-03 15:47:00
ArmInfo. Iran will fully finance Tebriz-Eraskh oil pipeline at $250
mln with a condition that Armenia will later repay its participation,
Armenian Energy and Natural Resources Minister Armen Movsisyan told
journalists Wednesday.
He also added that such an arrangement has been recently made as
at present Armenia suffers financial problems and cannot pay its
share in the project, in which both countries are taking part on a
parity basis. The minister said that in the near future the working
group of Iranian specialists will arrive in Yerevan to discuss final
option of the technical and economic assessment of the project. ‘We
are doing everything possible to build the oil pipeline this year’,
– the minister said.