Iran and Armenia set up joint company to build pipeline
An Armenian-Iranian joint company will be engaged in the construction of a pipeline for delivering petrol and diesel
fuel to Armenia from Iran. The enterprise is being set up at present.
Iranian ambassador to Armenia Seyyed Ali Saqqa'ian said that Tehran is interested in implementing joint projects with Armenia to construct an oil refinery, a hydropower plant on the Aras River, a railway line and a pipeline for the supply of petrol and diesel fuel from Iran to Armenia.
The annual trade turnover between Iran and Armenia exceeds $ 250 mm (EUR 175 mm), the diplomat said, noting that the sides are taking steps to increase this figure.