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Tehran: Armrosgazprom To Bid on Laying of Iran-Armenia Gas Pipeline

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  • Tehran: Armrosgazprom To Bid on Laying of Iran-Armenia Gas Pipeline

    Tehran Times, Iran
    July 1 2004

    Armrosgazprom To Bid on Laying of Iran-Armenia Gas Pipeline


    Moscow (PIN) - The company Armrosgazprom is planning to take part in
    a tender on constructing and maintaining an Iran-Armenia gas
    pipeline, the press service of the company reported.

    The gas pipeline customer is the Armenian government. A basic
    agreement on laying the pipeline was signed in Yerevan (Armenia) on
    May 13, 2004. According to the document, the gas pipeline will be
    operational by January 1, 2007.

    Armenia will get some 1.1bn cubic meters of gas annually through this
    pipeline. Each country is to finance the laying of a pipeline on its
    territory. Armenia is expected to spend about $90m to $100m and Iran
    some $120m. Armrosgazprom was created in 1997 in compliance with a
    Russian-Armenian government agreement and it is the exclusive
    wholesale buyer and supplier of gas in Armenia. The Armenian
    government and Gazprom have a 45-percent stake each in the company;
    Itera has a 10-percent block of shares. Armrosgazprom owns the whole
    gas distributing network in the republic. MSK/DWN

    From: Emil Lazarian | Ararat NewsPress
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