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Iran Starts Construction of its Section of Iran-Armenia Gas Pipeline

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  • Iran Starts Construction of its Section of Iran-Armenia Gas Pipeline

    IRAN STARTS CONSTRUCTION OF ITS SECTION OF IRAN-ARMENIA GAS PIPELINE


    YEREVAN, JULY 21. ARMINFO. Iran starts constructing its 100 km section
    of Iran-Armenia gas pipeline. The construction will be completed by
    the spring of 2006, Armenian Ambassador to Iran Gegham Gharibjanyan
    said in his interview to RFE/RL.

    He said that construction is carried out by an Iranian company on
    state funds. He said that the Armenian section of the pipeline (45 km
    length) will also be constructed by an Iranian company, whose name is
    already known and its representative has recently visited Armenia. The
    Ambassador refused from naming it, pointing out that it is patronized
    by the state, has a big experience in the sphere and its financial and
    construction possibilities allow it to complete the construction
    before the term fixed.

    It should be noted that on May 13, 2004, an agreement on delivery of
    Iranian natural gas to Armenia and on construction of the gas pipeline
    was signed in Yerevan. The sides intend to construct the gas pipeline
    within 2 years and to put it into exploitation by Jan 1, 2007. In
    conformity with the document, within 20 years, Iran will deliver at
    least 36 bln cubic meters of gas to Armenia. In conformity with the
    feasibility study worked out by the specialists of Gazprom OJSC, the
    construction of the Armenian section of the pipeline from Meghri to
    Kajaran costs $140 mln. The project will be justified within 9 years.
    Chairman of Gazprom OJSC Alexander Ryazanov, who has recently been in
    Armenia, did not rule out that a Russian company may be a co-financier
    of the project.

    From: Emil Lazarian | Ararat NewsPress
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