June 17, 2011 - 21:08 AMT
Armenia, Iran negotiate construction of oil distribution center in Yerevan

The Chief Executive Officer of the Iranian National Oil Production and Distribution Company, Jalil Salari, said that Iran and Armenia are engaged in talks over oil deliveries from Iran to Armenia and construction of an oil distribution center in Yerevan.

According to Salari, Armenia presently consumes 12 thousand barrels of oil per day, but it was estimated that this figure would soon rise to 22 thousand barrels daily, Iranian media reports.