IRAN – ARMENIA OIL PIPELINE
By Nairi Muradyan

Azg
Feb 25 2010
Armenia

According to Iranian Deputy Oil Minister Noureddin Shahnazi-Zadeh,
Armenia and Iran have agreed on a contract for a 350-km pipeline that
will export oil products to Armenia.

Armenia will receive 70,000 barrels of oil products through the
proposed pipeline, he said.

The Iranian Deputy Minister noted that Iran is planning to build a
terminal on Armenian-Iranian border to increase the volumes of the
oil-products’ export.

According to Iranian media, the construction of the oil pipeline
needs a 350-mln -dollar investment.