IRAN GAS EXPORT A BONANZA FOR ARMENIA
PRESS TV, Iran
Oct 5 2007
Armenian minister of energy says that Iran-Armenia gas pipeline
project will bring economic and political prosperity for Yerevan.
"Armenia is assigned to transfer three kilowatt-hours electrical
energy to Iran in return for one cubic meter gas," Armenia’s Minister
of Energy Armen Movsisyan told the Armenian ‘168 Hours’ daily.
The gas pipeline, which was inaugurated early this year with the
Iranian President Mahmoud Ahmadinejad and his Armenian counterpart
Robert Kocharian in attendance, will supply all the natural gas needed
by Armenia in two years.
According to the schedule, the pipeline is expected to transfer 400
million cm annually in the first phase which will sharply jump up to
2.5 billion cm in the second phase.
In a joint venture Iran and Armenia have given a go ahead to the
construction of a 140 megawatt power station in Aras River flowing
on Iran-Armenia border.
Tehran and Yerevan have also signed an agreement to manufacture an
oil derivates refinery in Armenia at a cost of 2.5 billion dollars.
From: Emil Lazarian | Ararat NewsPress