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Expert: Russia's every decision directly affects Armenia

Richard Giragosian: After aligning with EEU, Armenia faced security threats

Police: Valery Permyakov might have acted not alone

Armenian FM: Armenia's stance on Karabakh is similar to that of Russia, France and the United States

President of Armenia: We have prepared many surprises for hotheads in Azerbaijan

Expert: Defense capability of Armenian armed forces is much higher than offensive ability of Azerbaijan

Armenian FM: Armenia and Russia are unanimous that trial of the Gyumri murder case must be transparent

Political expert: Azeri provocations on the border occur following tragic events in Gyumri

Expert: Turkish president will not change his rhetoric on threshold of Centenary of Armenian Genocide

Edward Nalbandian: Doubts about Baku's reasonableness are growing with every passing day

SME representatives demand that Armenian Government should suspend Law "On Turnover Tax"

Three Azeri soldiers killed and two wounded as a result of ceasefire violation by Azerbaijan

Turcologist: No serious events in Armenia on threshold of Centenary of Armenian Genocide are observed yet

NATO plays no role in Karabakh conflict settlement but supports OSCE Minsk Group's efforts

Armenia's Defense Ministry: It was relatively calm on NKR-Azeri contact line last night

Retail gasoline prices drop again in Armenia

Over 20 members of ARFD break away from the party

Armenian MP: EBRD's forecast that Armenian economy will stagnate in 2015 was a political put-up job

Armenia's Defense Ministry: Armenian armed forces destroy a group of Azeri raiders in Tavush region

Armenia's involvement in Eurasian Economic Union does not look too promising

German Government considers Armenia's invitation to attend Apr 24 commemorations of 100th year of Armenian Genocide

Mammadyarov to meet with OSCE Minsk Group Co-Chairs in Krakow

A bas-relief of Lord George Gordon Byron inaugurated in downtown Yerevan near the head office of ACBA-CREDIT AGRICOLE BANK

Andrzej Kasprzyk: We are concerned over the situation at the line of contact

BirthLink and VivaCell-MTS continue their partnership to improve neonatal care in Armenia

Ameriabank signed the 80th deal under EBRD TFP

VTB Bank (Armenia) joins new system of money transfers BEST

ARDSHINBANK has strengthened its position among the top three of the banking system by all key indicators

Pascal Meunier: OSCE MG co-chair countries want resumption of dialogue

Reiner Morell: Germany is ready to show aid in Karabakh settlement whenever is a need

Each country is free to choose what event to attend, German Ambassador says on Erdogan's invitation

Armenian analyst: Azerbaijan may attack Artsakh and Armenia only if Russia gives it appropriate guarantees

Germany to continue its policy aimed at strengthening cooperation with Armenia

Robert Kocharyan: Armenia needs drastic changes but not a constitutional reform

Armenian Defense Ministry: Armenia's retaliatory measures to Azeri provocation will be tougher

Armenian expert: The tense situation in the Nagorno-Karabakh conflict zone has own logic of development, which has nothing to do with Russia- West relations

Seyran Ohanyan considers full-scale military operations in Karabakh conflict zone to be low probable

Two Armenian servicemen killed as a result of a new Azeri sabotage attack

Member of Russian parliament does not rule out handing over of Permyakov to the Armenian party

Armenian expert: The tense situation in the Nagorno-Karabakh conflict zone has own logic of development, which has nothing to do with Russia- West relations

Angela Merkel falls victim of Azerbaijani misinformation

Edward Sharmazanov: Traditionally, Baku distorts both the reality and the negotiating process

ProCredit Bank appears with innovative and modern solutions

Analyst: It is the West rather than Russia that can be considered Armenia's ally restraining Azerbaijan and Turkey

USAID-FED: Armenia need radical reforms in SME financing

Parliamentary hearings on the Avetisyans' murder case fail to give answers to the public's questions

Angela Merkel urges peaceful resolution to Karabakh conflict

As Hepatitis C detected at Kajaran Medial Center, all hospitals in Armenia will undergo strict control

Armenia and Iran to start construction of oil pipeline soon

  • Thursday, November 8, 17:29

The construction of Iran-Armenia oil pipeline will start in the near future, Armenia's Energy and Natural Resources Minister, co-chairman of the Armenian-Iranian  inter-governmental commission, Armen Movsissyan, said today's ceremony on laying the foundation for construction of the Megri Power Plant, in Megri.

To recall, Government of Armenia approved the project of technical maintenance regulations for Tabriz (Iran) - Yeraskh (Armenia) oil products pipeline on April 12. The project "Technical maintenance regulations of the oil products pipeline" was developed to ensure safe delivery, storage and sale of Iranian oil products in Armenia. The construction of the Armenian section of the pipeline will cost $100 million. The Iranian party will invest the given funds and then receive the proceeds from the sale of oil products in Armenia. The two parties are expected to create a JV on parity basis.

By data of the Customs Service of Armenia, in 2011 import of oil products in Armenia fell to 357,661 tons versus 379 thousand tons in 2010. Import of cars in 2011 grew to 24.6 thousand cars versus 17.1 thousand in 2010. Import of oil products fell, as most drivers prefer gas to petrol (around 80% of total) because of the high petrol price. The pipeline will make it possible for Armenia to acquire oil products for the prices of the Persian Gulf states (by $15-$20 lower than the European prices).

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