Iran gives Armenia 30-million-dollar loan for gas pipeline
Agence France Presse — English
September 8, 2004 Wednesday 6:06 PM GMT
YEREVAN Sept 8 — Iran has extended a 30-million-dollar
(25-million-euro) loan to Armenia to build a gas pipeline between the
two countries, Armenian President Robert Kotcharian said on Wednesday.
The loan should enable Yerevan to finance the 41 kilometres of the
141-kilometre (88-mile) pipeline that cross Armenian territory,
Kocharian told journalists after a meeting with his Iranian
counterpart, Mohammad Khatami.
The construction contract has been awarded to Iranian company Sanir.
Iran and Armenia signed a contract in May, under which Iran will
supply Armenia with a total of 36 billion cubic metres of gas over
a 20-year period, expected to start in early 2007.
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