Armenia and Iran construct oil distribution center near Yerevan

Iran and Armenia are carrying out negotiations to construct storage facilities and a distribution center for oil products near Yerevan. Different projects were considered in Armenia including the construction of an oil refinery. But Armenia's consumption is 12 000 barrels of oil products daily and this is deemed to be too small an amount to justify the construction of an oil refinery. Thereafter the building of a huge storage facility near Yerevan was considered. The construction of this facility would mean simultaneous construction of appropriate infrastructure, railway tracks and roads. The possibility of transporting oil products from this storage facility into European countries via Georgia has also been mentioned.