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Export Development Bank Of Iran Extended Contract On Terms Of Financ

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  • Export Development Bank Of Iran Extended Contract On Terms Of Financ

    EXPORT DEVELOPMENT BANK OF IRAN EXTENDED CONTRACT ON TERMS OF FINANCING OF IRAN- ARMENIA EXPORT GAS PIPELINE PROJECT

    2007-11-28 14:06:00

    ArmInfo. The Public Relations Department of the Export Development
    Bank of Iran told IRNA that this Bank has extended the contract on the
    terms of financing of Iran-Armenia export gas pipeline project. This
    decision was made by request of RA Energy Ministry being the contract
    party. Earlier, it was informed that the amount of this middle-term
    contract makes up $27 mln, $20 mln of which have already been paid
    by the Iranian bank. To note, the credit was extended by the Iranian
    party for construction of the first section of the gas pipeline from
    Meghri to Kajaran. The second section of the gas pipeline from Kajaran
    to Ararat is being presently built by the "ArmRosgazprom" Company.
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