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TEHRAN: Talks On Tripartite Oil Refinery To Start Soon

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  • TEHRAN: Talks On Tripartite Oil Refinery To Start Soon

    TALKS ON TRIPARTITE OIL REFINERY TO START SOON

    Press TV, Iran
    April 19 2007

    Officials from Iran, Armenia, and Russia will meet soon to discuss
    the construction of a big oil refinery on the Armenian-Iranian border.

    Officials from the three governments will try to "ascertain the scale
    of each party's participation in the project," the Russian Regnum
    news agency has quoted Armenia's Deputy Energy Minister Areg Galstian
    as saying.

    Galstian has not given further details of the talks over the refinery
    which would cater for the Iranian market.

    A subsidiary of Russia's state-run Gazprom has said that investment
    estimated $1.7 billion is needed for the construction of the refinery
    near the Armenian border town of Meghri.

    Armenian President Robert Kocharian has reportedly discussed the
    multimillion-dollar project with senior Russian officials during a
    visit to Moscow in January.

    According to Russian press, the plant would have an annual capacity
    to refine 7 million tons of Iranian oil that would be pumped into
    Armenia through a special pipeline to be built in northwestern Iran.

    Petrol produced by it would then be shipped back to Iran by rail.

    Construction of the 200-kilometer pipeline and the railway would
    require hundreds of millions of dollars in additional funding.

    Armenia and Iran have no rail links at present.
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