YEREVAN, Sept 8 (AFP) – Iran has extended a 30-million-dollar (25-million-euro) loan to Armenia to build a gas pipeline between the two countries, Armenian President Robert Kotcharian said on Wednesday.
The loan should enable Yerevan to finance the 41 kilometres of the 141-kilometre (88-mile) pipeline that cross Armenian territory, Kocharian told journalists after a meeting with his Iranian counterpart, Mohammad Khatami.
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The construction contract has been awarded to Iranian company Sanir.
Iran and Armenia signed a contract in May, under which Iran will supply Armenia with a total of 36 billion cubic metres of gas over a 20-year period, expected to start in early 2007.
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