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Oil refinery costs 1.7 billion dollars

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  • Oil refinery costs 1.7 billion dollars

    Lragir, Armenia
    Oct 19 2007


    OIL REFINERY COSTS 1.7 BILLION DOLLARS

    The technical feasibility and economic justification of the oil
    refinery in Armenia will be offered in November 2007, said the
    Armenian minister of energy Armen Movsisyan.

    The refinery will be built in Meghri. Russia and Iran said likely to
    participate in this project. The plant will refine up to 7 million
    metric tons of oil annually and costs 1.7 billion dollars. Another
    one billion dollars will be spent on transportation infrastructure.
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