Armenia and Iran are currently negotiating upon construction of pipeline to transport Iranian oil products to Armenia.

Moreover, the construction plan of new storage for oil products and distribution center in Yerevan city area is in the process of negotiations, said the director-general of National Iranian Oil Refining and Distribution Company Jalil Salari to Mehr news agency.

According to him, at Armenia consumes an average of 12 thousand barrels per day, and this figure is expected to reach 22 thousand barrels. Salari added that in recent years the possibility of constructing an oil refinery in Armenia has been discussed with participation of Iranian companies and Russian Gazprom but due to the fact that construction of such enterprises with a treatment capacity less than 100 thousand barrels is unprofitable, the project has been shut down.