January 26, 2007 - 14:08 AMT
Gazprom Neft going to build oil processing plant in Armenia
Gazprom Neft Russian company announced the intention to build an oil processing plant in Armenia. The capacity of the plant is supposed to make 7 million tons per year. The plant will be located at the border of Armenia and Iran, the supplier of the stock. A new pipeline from Tebriz will be laid for the purpose. The processed stock will be delivered to Tehran via a railway that doesn't exist yet, reports Kommersant daily.