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Iran gives Armenia 30-million-dollar loan for gas pipeline

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  • Iran gives Armenia 30-million-dollar loan for gas pipeline

    Iran gives Armenia 30-million-dollar loan for gas pipeline

    Agence France Presse -- English
    September 8, 2004 Wednesday 6:06 PM GMT

    YEREVAN Sept 8 -- Iran has extended a 30-million-dollar
    (25-million-euro) loan to Armenia to build a gas pipeline between the
    two countries, Armenian President Robert Kotcharian said on Wednesday.

    The loan should enable Yerevan to finance the 41 kilometres of the
    141-kilometre (88-mile) pipeline that cross Armenian territory,
    Kocharian told journalists after a meeting with his Iranian
    counterpart, Mohammad Khatami.

    The construction contract has been awarded to Iranian company Sanir.

    Iran and Armenia signed a contract in May, under which Iran will
    supply Armenia with a total of 36 billion cubic metres of gas over
    a 20-year period, expected to start in early 2007.
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