Iran, Armenia to build oil pipeline, terminal
Iran plans to construct
an oil pipeline and terminal on its border with Armenia to increase
exports of oil products to the country, Press TV reported.
Iran's Deputy Oil Minister Noureddin Shahnazi-Zadeh said the sides agreed on a contract for a 350-km pipeline to carry oil products to Armenia.
Armenia will receive 70,000 barrels of oil products a day through the proposed pipeline, he said.
Shahnazi-Zadeh added that the construction of the joint pipeline needs a $350 million investment. *
Iran's Deputy Oil Minister Noureddin Shahnazi-Zadeh said the sides agreed on a contract for a 350-km pipeline to carry oil products to Armenia.
Armenia will receive 70,000 barrels of oil products a day through the proposed pipeline, he said.
Shahnazi-Zadeh added that the construction of the joint pipeline needs a $350 million investment. *
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