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Iran, Armenia Plan Oil Pipeline

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  • Iran, Armenia Plan Oil Pipeline

    IRAN, ARMENIA PLAN OIL PIPELINE

    United Press International (UPI)
    Dec 23 2008

    YEREVAN, Armenia, Dec. 23 (UPI) -- The completion of a 186-mile oil
    pipeline from Iran to Armenia is expected to help diversify regional
    energy resources, Armenian energy officials said.

    Armenian Energy Minister Armen Movsisyan spoke to reporters about
    the progress of the $220 million pipeline expected to be completed
    by 2011, the Iranian Press TV said.

    "Armenia will receive petrol and diesel fuel from the oil refinery
    located in the Iranian city of Tabriz through the pipeline,
    construction of which starts next spring," he said.

    Russian, Armenian and Iranian officials attended the inauguration of
    a final state of a natural gas pipeline from Iran Dec. 2. Armenia
    will convert gas from that pipeline to electricity, which it will
    transfer back to Iran.

    These developments follow statements from NATO officials that warned
    Armenia in September it needed to take steps toward transparency to
    counter high energy costs.

    Azerbaijan, meanwhile, refuted reports that Armenia would host the
    Western-backed Nabucco pipeline, in part because of territorial
    disputes over the Nagorno-Karabakh region.

    "In order to guarantee the country's energy security we are moving
    toward the diversification of energy supplies," Movsisyan said.
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