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May 24th
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NEW ARMENIAN-PERSIAN PROJECT

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Iran and Armenia will start building an oil pipeline from the Iranian city of Tabriz to the Armenian city of Eraskh in 2009, a senior Iranian official said.

The remarks were made during a meeting between Iranian Foreign Minister Manouchehr Mottaki and visiting Armenian Minister of Energy and Natural Resources Armen Movsisian.

From Tabriz oil refinery Armenia will receive benzene and diesel, and for facilitating business activities Armenia will open a consulate in Tabriz. The Ministers also discussed the possibility of building a hydro electro power station on the river Aras.

Earlier Movsisian stated that Iran, Armenia and Russia had planned to construct an oil refinery in the city of Eraskh, however, Russia later withdrew from the project, effectively frustrating it.

 

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