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Construction Of Petrolium Refinery, Iran-Armenia Railway To Contribu

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  • Construction Of Petrolium Refinery, Iran-Armenia Railway To Contribu

    CONSTRUCTION OF PETROLEUM REFINERY, IRAN-ARMENIA RAILWAY TO CONTRIBUTE TO STRENGTHENING OF ARMENIA'S ENERGY SECURITY

    Arka News Agency, Armenia
    March 21 2007

    YEREVAN, March 21. /ARKA/. The implementation of the program on
    constructing a petroleum refinery and the Iran-Armenia railway will
    contribute to the strengthening of Armenia's energy security, said
    Armenian Foreign Minister Vardan Oskanian.

    "I think that it will be a rather positive development," he said.

    Oskanian pointed out that the projects are on the initial stage,
    however, they are on the agenda of the Government's activities.

    He said that it will be possible to make detailed comments on the
    issue after the research of the projects' economic advisability.

    According to Russian publications, the company "Gasprom oil" has
    recently confirmed that it is looking for a possibility to construct
    a petroleum refinery in Meghri (the Syunik region in Armenia next to
    the border with Iran). The matter concerns a refinery with 7mln tons
    of oil per year. The total cost makes USD 1.7bln without accounting
    transport infrastructure which will cost another $1bln.

    On March 19, during the opening ceremony of the Iran-Armenia gas pipe
    line in Meghri, Presidents of Armenia and Iran Robert Kocharyan and
    Mahmud Ahmadinejada discussed the possibility of constructing the
    Armenia-Iran railway.
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