Support to energy sector of Armenia
Armenian Minister of Energy Armen Movsisyan expressed his gratification for a line of credit offered through the Export Development Bank of Iran. On the meeting with Iranian Finance Minister Shamseddin Hosseini they discussed the Iranian economic assistance to Armenia and also that Armenia announced the beginning of 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.
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