Middle East North Africa Financial Network, Jordan
March 18 2007
Armenia, Iran to inaugurate $200m gas pipeline
MENAFN – 18/03/2007
(MENAFN) Reuters reported that Iran and Armenia will inaugurate a new
gas pipeline between the two countries as part of Iran’s strategy to
add new exporting markets.
According to the website of the Iranian Ministry of Oil, Iran will
deliver 1.1 billion cubic meters of natural gas to Armenia this year
through the pipeline, which will carry 1.5 billion cubic meters and
2.3 billion cubic meters of natural gas in 2013 and 2026
respectively.
Although the two countries had agreed upon constructing the $200
million pipeline ten years ago, financial disputes have blocked its
establishment until 2004.