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Iran, Armenia To Sign New Oil Contract

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  • Iran, Armenia To Sign New Oil Contract

    IRAN, ARMENIA TO SIGN NEW OIL CONTRACT

    Mehr news agency
    Feb 28 2012
    Iran

    Iran and Armenia are to sign a contract on the export of oil and
    some oil products, including petrol, to Armenia. The contract is to
    be signed in Tehran on 28 February, Mehr news agency reported on the
    same day.

    "Based on this new contract, Iran will satisfy part of Armenia's needs
    in oil products such as petrol, diesel fuel, kerosene, and jet fuel,"
    the agency reported.

    "Iranian and Armenian officials have frequently discussed the
    establishment of an oil terminal on the Iran-Armenia border in order to
    increase the amount of trade in oil products between them," Mehr added.

    Mehr also pointed out that Iran produced about 50m litres of petrol
    and 100m litres of diesel fuel per day and earned about 9bn dollars
    from exporting oil products last year.

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