Iran-Armenian oil pipeline project

Thursday, September 16 According to Armenian media sources, this autumn an Iran-Armenia oil pipeline will begin its construction. The cost of this pipeline will be approximately USD 180 million. The costs of which are distributed evenly between Iran and Armenia. However, in practice, all expenses will be paid by Iran with half of the total amount being registered as a loan to Armenia. This debt will be settled from the profits received through exploiting the pipeline. Armenia believes it will receive petrol from Iran and diesel through this pipeline. The price of these products will be cheap and affordable for Armenia’s consumption as they will be cheaper than European product prices. So, this project could potentially be rather beneficial for Armenia.