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Armenia-Iran Pipeline: Russian Gas Giant Announces Its Participation

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  • Armenia-Iran Pipeline: Russian Gas Giant Announces Its Participation

    ARMENIA-IRAN PIPELINE: RUSSIAN GAS GIANT ANNOUNCES ITS PARTICIPATION IN CONSTRUCTION PROJECT

    http://www.armenianow.com/economy/23423/armeniairan_gas_pipeline_construction
    01.06.10 | 12:46

    Economy

    Russia's gas monopoly will take part in the construction of an oil
    pipeline Iran-Armenia, Gazprom's Deputy Board Chairman Valeriy Golubev
    said on Monday.

    "This is a realistic project and we will take part in it," Golubev
    told media while visiting the Hrazdan thermal power plant in Armenia.

    According to him, Gazprom will take part in the construction through
    its subsidiary - closely held joint-stock company ArmRosGazprom, which
    has a monopoly on the supply and distribution of Russian natural gas
    on the Armenian market. (Natural gas is delivered to Armenia by way
    of transit via Georgia.)

    As to plans for the construction of an oil refinery in the territory
    of Armenia that have been discussed for several years, Golubev said
    the project has been put on hold because of its unprofitability.

    The press service of the Ministry of Energy and Natural Resources of
    Armenia earlier reported that a joint Armenian-Iranian task group was
    completing technical work on establishing the diameter of a future
    oil pipeline from the refinery in the Iranian city of Tabriz to the
    Armenian city of Yeraskh.

    Armenia, Iran and Russia take part in the pipeline construction. The
    estimated cost of the project is $200-$240 million, according to
    RIA Novosti.




    From: A. Papazian
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