Middle East Economic Survey
VOL. XLVII
No 49
6-December-2004
IRAN
Construction Of Iran-Armenia Gas Pipeline Begins, Electrical Power Exchange
Iran and Armenia announced on 30 November the start of construction on a gas pipeline between their countries along with the start of usage of a cable through which they will exchange electrical power. Iran will loan Armenia $30mn in order to cover construction costs for the Armenian section of the pipeline. Iran is also covering the cost of the 82km power...
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