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Iran-Armenia Oil Pipeline

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  • Iran-Armenia Oil Pipeline

    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.
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