June 4, 2009 - 14:32 AMT
Iranian specialists to arrive in Yerevan to discuss Tebriz-Yeraskh oil pipeline
A group of Iranian specialists will arrive in Yerevan in near future to discuss the $250-mln. project on construction of Tebriz-Yeraskh oil pipeline.

"Armenia will spare no effort to launch construction this year," RA Energy Minister Armen Movsisyan said. "The Iranian said pledged to cover all expenses on condition that Armenia will pay its debt in future."

The agreement will function on parity basis.

"The pipeline will help decrease transport expenditures and fix competitive prices at domestic market. Besides, it will raise Armenia's energy security," the Minister said, Iran.ru reported.