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Gazprom involved in Iran-Armenia oil pipeline

By Messenger Staff
Thursday, June 3
Gazprom is involved in the construction of the oil pipeline between Iran and Armenia through its Armenian daughter company ArmrossGazprom . A joint Iranian-Armenian team is conducting a feasibility study.

The pipe will be laid from the Tavriz oil refinery to the Armenian town of Eraskh, where an oil storage terminal will be constructed. Armenia, Iran and Russia will jointly implement this project, which under preliminary estimates will cost USD 200-240 million. The existing Iran-Armenia pipeline infrastructure will be used.