Experts to Consider Building Oil Refinery in Armenia

YEREVAN (Armenpress)–Armenian Energy Minister Armen Movsisian Thursday said government officials from Armenia, Iran and Russia will meet in November to sum up their findings concerning an ambitious idea to build a big oil refinery on the Armenian-Iranian border.
A provisional document was presented lately in Tehran, he said adding, experts will begin putting together a feasibility plan following the November meeting.
A subsidiary of Russia’s state-run Gazprom gas monopoly indicated earlier that it was considering investing an estimated $1.7 billion needed for the construction of the would-be refinery near the Armenian border town of Meghri.
Reports in the Russian press said the facility would have an annual capacity to refine up to 7 million tons of Iranian oil that would be pumped into Armenia through a special pipeline to be built in northwestern Iran.
Petrol produced by the refinery would then be shipped back to Iran by rail. Construction of the 200-kilometer pipeline and the railway would require additional funding.

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