New Armenian-Iranian project

In 2009 Armenia and Iran will start building an oil pipeline from the Iranian city of Tabriz to the Armenian city of Eraskh. This was stated during the meeting between Armenian Minister of Energy and Natural Resources Armen Movsisian and Iranian Foreign Minister Manuchehr Mottaki.

From Tabriz oil refinery Armenia will receive benzene and diesel, and for facilitating business activities Armenia will open a consulate in Tabriz. The Ministers also discussed the possibility of building of a hydro electro power station on the river Araks.

Earlier Movsisian stated that in the city of Eraskh Iran, Armenia and Russia had planned to construct an oil refinery, however Russia later withdrew from the project, effectively frustrating it.