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Iran Replacing Russia As Armenia's Energy Supplier

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  • Iran Replacing Russia As Armenia's Energy Supplier

    IRAN REPLACING RUSSIA AS ARMENIA'S ENERGY SUPPLIER

    PRESS TV
    March 25 2009
    Iran

    Armenia has started the construction of a 240-million-dollar pipeline
    to import oil products from Tabriz oil refinery in north eastern Iran.

    Minister of Energy and Natural Resources Armen Movsisyan told
    journalists that the 300-km pipeline will pump Iranian oil products
    including gasoline and diesel fuel into Armenia.

    In December 2008 Iran and Armenia reached an agreement in a number
    of fields including energy, oil, petrochemistry and tourism.

    "The pipeline would be a safe route for importing oil products to
    Armenia that will increase security of energy supply and decrease
    the cost of fuel import," Movsisyan said on Tuesday.

    Iran and Armenia have also inaugurated a 140-km gas pipeline intended
    to reduce Yerevan's reliance on Russian gas. The 220-million-dollar
    project was launched in March 2007.

    Russia's recent row with Ukraine, which disrupted gas flow to Europe
    during Christmas holidays, triggered many countries to consider
    alternative sources of energy in a bid to cut their dependency
    on Russia.

    Based on agreements signed by Iran and Armenia, for each cubic meter
    of Iranian gas, Armenia will return 3 kilowatt of electricity to Iran.
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