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Armenian-Iranian-Russian Cooperation

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  • Armenian-Iranian-Russian Cooperation

    ARMENIAN-IRANIAN-RUSSIAN COOPERATION

    ARKA News Agency, Armenia
    Oct 25 2007

    YEREVAN, October 25. /ARKA/. The construction of an oil refinery in
    Armenia will be a good field for Armenian-Iranian-Russian cooperation,
    stated in his interview to the Public Television of Armenia.

    He said that he construction project is under discussion.

    Akhmadinejad pointed out that the sides are currently discussing
    the location and terms of construction. The Iranian President made
    a positive appraisal of the bilateral negotiations and said that the
    results of consultations are needed for an agreement to be signed.

    "We should not forget that the oil refinery will be of regional
    importance, as its products will meet not only Armenia's needs,"
    Akhmadinejad said.

    RA Minister of Energy Armen Movsisyan reported that a feasibility
    report of an oil refinery in Armenia is to be ready by the end of
    this year. Iranian and Russian specialists are involved in the work.

    The oil refinery is expected to be constructed in Meghri, Syunik
    region, near the Armenian-Iranian border. Experts estimate the project
    at $1.7bln, with the transport infrastructure estimated at $1bln.
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