IRAN-ARMENIA PETROL PIPELINE CONSTRUCTION MAY START THIS YEAR
/PanARMENIAN.Net/
11.06.2009 14:03 GMT+04:00
/PanARMENIAN.Net/ The Armenian Ministry of Energy has announced that
construction of Iran-Armenia petrol pipeline can start this year.
The 380km pipeline is expected to connect Tabriz (Iran) and Ararat
(Armenia) and to help Armenia decrease transport expenses and domestic
market prices.
The project will also allow Armenia to improve energy security and
become a transit route of oil products to Europe.
The construction estimates $250 million. At that, Iran obliged to
cover all expenses on condition Armenia will return the half later.
Cooperation between Armenia and Iran is rapidly developing. Armenia
has already received some 7 million cubic meters of gas through the
pipeline which was put into operation not long ago. Preparation for
a railway construction is underway.