Armenian govt. approves Iran-Armenia pipeline construction regulations

Armenian govt. approves Iran-Armenia pipeline construction regulations

PanARMENIAN.Net - On April 12, the Armenian government approved the technical regulations of the operation of Iran-Armenia oil pipeline.

In this context, Armenian Prime Minister Tigran Sargsyan attached importance to initial setting of technical regulations for the construction of the pipeline.

Iran-Armenia oil pipeline construction, scheduled to be completed in 2014, will allow Armenia to export oil products both from Iran and the Persian Gulf, a major market for petroleum products, according to Armenian Minister of Energy and Natural Resources.

Construction of Armenia-Iran pipeline will be funded on both sides, with Armenia allocating USD 100 million to the project.

Pipeline operation contract will be concluded for the period of 25 years. As Armen Movsisyan stated, Armenia’s internal need for oil products comprises 400 thousand tons a year.

 Top stories
According to Gagik Beglaryan, the Chinese side put forward a number of proposals on the implementation of the railway construction project.
ContourGlobal expects the modernization to create 150 near-term jobs in addition to the 150 long-term technicians employed.
The President declared that we will cover only the population's expenses, meaning people who spend 250 kW of electricity per month.
The proposed additional financing will raise the total length of roads to 360 km, 73 km of which have already been rehabilitated.
Partner news