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BAKU: Iran, Armenia, Russia to Investigate New Oil Pipeline Project

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  • BAKU: Iran, Armenia, Russia to Investigate New Oil Pipeline Project

    Trend News Agency, Azerbaijan
    Sept 12 2008

    Iran, Armenia and Russia to Investigate New Oil Pipeline Construction Project
    12.09.08 15:37


    Azerbaijan, Baku, 12 September / Trend Capital / According to the
    Armenian Industry and Energy Ministry, Iran, Armenia and Russia
    investigate the joint oil pipeline construction project. This was
    reported by Iranian Isna agency.

    `At present, the trilateral special commission from Armenia, Iran and
    Russia on construction of an oil refining in Armenia, has commenced
    investigation to lay an oil pipeline,' Armen Movsisyan, the Armenian
    Industry and Energy Minister, said.

    The oil refining, which is expected to be built in Armenia, will
    produce 7mln tons oil per year. Construction's cost is $2.5bln or
    $3bln.
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