News

Thursday, September 16


According to Armenian media sources, this autumn an Iran-Armenia oil
pipeline will begin its construction. The cost of this pipeline will be
approximately USD 180 million. The costs of which are distributed evenly
between Iran and Armenia. However, in practice, all expenses will be
paid by Iran with half of the total amount being registered as a loan to
Armenia. This debt will be settled from the profits received through
exploiting the pipeline. Armenia believes it will receive petrol from
Iran and diesel through this pipeline. The price of these products will
be cheap and affordable for Armenia’s consumption as they will be
cheaper than European product prices. So, this project could potentially
be rather beneficial for Armenia.