Iran-Armenia oil pipeline construction to start in 2009

March 7, 2009 - 21:23 AMT
PanARMENIAN.Net - Construction of Tabriz (Iran)-Yeraskh (Armenia) oil pipeline, which will pump oil products from a refinery in Tabriz to Armenia, will start in 2009, RA Minister of Energy and Natural Resources said.



"The oil pipeline will first of all satisfy Armenia's needs, including strengthening of energy security of the republic, reduction of transport expenses and establishment of competitive market prices," Armen Movsisyan told journalists today.



Earlier, Minister Movsisyan stated that the construction will presumably cost $200-240 mln.



The passing-pipe size is 250 mm and length is 300 km.
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