By The End Of 2004 Sanir Company To Announce Tender For Subcontracto

BY THE END OF 2004 SANIR COMPANY TO ANNOUNCE TENDER FOR SUBCONTRACTOR WORK ON
ARMENIAN SECTION OF IRAN-ARMENIA GAS PIPELINE

YEREVAN, DECEMBER 17. ARMINFO. By the end of this year the Sanir
company from Iran will give start to a tender to enroll subcontractors
for laying the Armenian section of the Iran-Armenia gas pipeline,
says the director general of ArmRosGazprom company Karen Karapetyan.

He says that his company will certainly take part in the tender and
has quite good chances to win it. “Even if we lose the winners will
be forced to cooperate with us considering that we have domestic gas
market monopoly,” says Karapetyan. He notes that after the Iran-Armenia
gas pipeline is built and the Abovyan underground gas depositary is
restored Armenia will have almost no energy security problems.

Sanir is the general contractor of the project. Iran will lend Armenia
$30 mln for laying the Armenian section of the pipeline – from Megri
to Kajaran. The loan will be given for 7.5 years at 5% a year. The
project will be finished in two years to be launched Jan 1 2007.

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