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Armenia, Iran negotiating upon construction of oil products transpor

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  • Armenia, Iran negotiating upon construction of oil products transpor

    news.am, Armenia
    June 18 2011

    Armenia and Iran negotiating upon construction of oil products
    transportation center

    June 17, 2011 | 22:47


    Armenia and Iran are currently negotiating upon construction of
    pipeline to transport Iranian oil products to Armenia.

    Moreover, the construction plan of new storage for oil products and
    distribution center in Yerevan city area is in the process of
    negotiations, said the director-general of National Iranian Oil
    Refining and Distribution Company Jalil Salari to Mehr news agency.

    According to him, at Armenia consumes an average of 12 thousand
    barrels per day, and this figure is expected to reach 22 thousand
    barrels. Salari added that in recent years the possibility of
    constructing an oil refinery in Armenia has been discussed with
    participation of Iranian companies and Russian Gazprom but due to the
    fact that construction of such enterprises with a treatment capacity
    less than 100 thousand barrels is unprofitable, the project has been
    shut down.

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