Tehran Times, Iran
July 1 2004
Armrosgazprom To Bid on Laying of Iran-Armenia Gas Pipeline
Moscow (PIN) – The company Armrosgazprom is planning to take part in
a tender on constructing and maintaining an Iran-Armenia gas
pipeline, the press service of the company reported.
The gas pipeline customer is the Armenian government. A basic
agreement on laying the pipeline was signed in Yerevan (Armenia) on
May 13, 2004. According to the document, the gas pipeline will be
operational by January 1, 2007.
Armenia will get some 1.1bn cubic meters of gas annually through this
pipeline. Each country is to finance the laying of a pipeline on its
territory. Armenia is expected to spend about $90m to $100m and Iran
some $120m. Armrosgazprom was created in 1997 in compliance with a
Russian-Armenian government agreement and it is the exclusive
wholesale buyer and supplier of gas in Armenia. The Armenian
government and Gazprom have a 45-percent stake each in the company;
Itera has a 10-percent block of shares. Armrosgazprom owns the whole
gas distributing network in the republic. MSK/DWN
From: Emil Lazarian | Ararat NewsPress