Iran intends to construct oil pipeline on the border with Armenia. The new main and terminal aims at increasing exports of Iranian oil products, Press TV reports.

According to the source, Deputy Oil Minister Noureddin Shahnazi-Zadeh stated that two countries reached agreement on construction of 350-km pipeline. It will export oil products to Armenia totaling to 70,000 barrels of oil products from Tabriz plant.

“Armenia hopes the pipeline help diversify its energy resources,” Press TV website reads.