By The End Of The Year Or At The Beginning Of The Next Year The Field Works Of Construction Of Iran-Armenia Oil Pipeline And Terminal Will Kick Off.
YEREVAN, OCTOBER 16, ARMENPRESS: By the end of the year or at the beginning of the next year the field works of construction of Iran-Armenia oil pipeline and terminal will kick off. Armenian Energy and Natural Resources Minister Armen Movssisyan said today at a press conference that the program will give an opportunity to import necessary capacity of oil product to Armenia till Yeraskh through oil pipeline coming from the Tabriz oil processing factory. In the whole territory of the republic it will be consumed through cars and railway. It will for several times decrease the transport expenditures which are very expensive from Poti to Yerevan.
The minister noted that the situation of the railway does not let moving big wagons and transportation with small ones brings to quite large expenses.
The program will be implemented trilaterally Armenia-Iran-Russia. The latter will participate in the program with 10%. According to initial calculation the project will cost 200-240 million USD.
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