http://www.iranmania.com/News/ArticleView/Default.asp?NewsCode=49245&NewsKind=Current%20Affairs

Russia planning Armenia refinery for Iranian oil

Saturday, January 27, 2007 - ©2005 IranMania.com

Archived Picture - The oil division of Russian energy giant Gazprom is 
planning to build a refinery in Armenia to process oil coming from 
neighboring Iran, a Russian newspaper said.

LONDON, January 27 (IranMania) - The oil division of Russian energy 
giant Gazprom is planning to build a refinery in Armenia to process oil 
coming from neighboring Iran, a Russian newspaper said.

The plan would involve pumping oil into Armenia from the city of Tabriz 
in northern Iran along a 200-kilometer (124-mile) pipeline, then 
transporting the refined oil products back into Iran by rail, the 
Kommersant daily said.

“We are looking into building a refinery in Armenia, but we cannot give 
details for the moment,“ Natalya Vyalkina, a spokeswoman for 
state-controlled Gazprom Neft, told AFP.

Kommersant quoted analysts as saying that the project would be 
“essentially political“ since the high transport costs involved would 
bring little economic profit.

Russia has close economic ties with Iran and is building a nuclear power 
station in southern Iran.

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