IRAN-ARMENIA GAS MAIN’S OUTPUT TO INCREASE BY MID-FALL
ARKA
Sep 4, 2008
YEREVAN, September 4. /ARKA/. Activities to boost Iran-Armenia gas
main’s output, ensuring 2.5bln cubic meters of annual gas supplies
to Armenia, will continue till early November, reported Armenia’s
President Serge Sargsian.
He believes the construction of the pipeline was a major achievement
for Armenia. "A number of important programs, including joint water
consumption projects, construction of an oil refinery in Armenia and
opening of Iran-Armenia railway, are under way," the President told
Armenian diplomats.
ArmRosGasProm, subsidiary of the Russian gas giant Gazprom, holds
monopoly in Armenia’s gas supply market. The company’s shareholders
are the Gasprom OJCS (72.16%), the RA Ministry of Energy (22.16%)
and the Itera Oil and Gas Company (5.06%).