Oil Pipeline Across Armenia Could Save $500 Million

YEREVAN Interfax)–The construction of a pipeline to carry Caspian oil across Armenia would be some $500 million less expensive than any other option–Karen Galustian–Armenia’s first deputy energy minister–told Interfax on Wednesday–citing Armenian experts as his sources.

A route across the northern part of the country is both economically and technically the most attractive–Galustian said.

The European Union’s INOGATE program for estimating the potential of export and gas exports from Caspian and Central Asian countries to Europe has for the first time included two routes across Armenia on the list of possible options for investors to choose from–Galustian said.

"We are not saying that our option will be chosen. Let the investor weigh all the economic and political factors," he said.

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