IRAN OFFERS ARMENIA ENERGY LINE OF CREDIT
United Press International
April 14 2009
TEHRAN, April 14 (UPI) — Meeting with the visiting Armenian energy
minister Tuesday, Iranian finance officials pledged to support the
energy sector in Armenia with a line of credit.
Armenian Energy Minister Armen Movsisyan met with Iranian Finance
Minister Shamseddin Hosseini to discuss trade issues and Iran’s
offer of economic assistance, Iran’s official Islamic Republic News
Agency reports.
Movsisyan expressed his gratification for a line of credit offered
through the Export Development Bank of Iran, saying the move was part
of an expanding trade relationship between both countries.
Armenia in March announced it had begun construction on a 186-mile
pipeline to bring oil products from the Tabriz refinery in northern
Iran in exchange for electricity.
The project would bring 81 billion cubic feet of natural gas from
refineries in Tabriz each year, which is about the same amount Armenia
imports from Russia currently through Georgia.
Movsisyan was part of a high-level delegation from Armenia that
arrived in Tehran on Monday to discuss bilateral ties.
From: Emil Lazarian | Ararat NewsPress
