YEREVAN, MARCH 30, ARMENPRESS: Negotiations on the construction of Iran-Armenia gas pipe-line are in their final phase, Armenian Energy Minister Armen Movsisyan said March 29. He noted that Gas Export National Company will build the Iranian section of the pipe-line Armenian will build its section. Initial estimates show that some 100 million USD will be spent to build the pipeline on the territory of Armenia. A little more money is needed to build the pipe-line on the Iranian side, the minister said.
The final agreement will be signed in April during when Iranian Minister of Gas and Oil is expected to visit Armenia. The agreement envisages that the construction will start later this year and is expected to last 20 months.
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