Iran holds talks with Russia & China on construction of the Neka-Dzhask pipeline
Azerbaijan, Baku, Oct. 30 / Trend /
Iran holds negotiations with Russian and Chinese companies on the Neka-Dzhask pipeline, Iran's Deputy Oil Minister and Head of the National Iranian Oil refining and Distribution Company (NIORDC) Seyyed Noureddin Shahnazizadeh said, the Iranian news agency MEHR reported.
"Financial resources are not enough to implement the Neka-Dzhask pipeline project and to construct new refineries. We have held discussions with various foreign companies to provide funds for construction of the pipeline length 1,680-kilometer. Recently, we have been holding discussions with companies from Russia and China," Shahnazizadeh said.
Shahnazizadeh said preliminary discussions with Russia have not yet yielded results, however, the documents required for the project, has already been submitted to Russia, which is considering Iran's proposal.
Realization of the Neka-Dzhask pipeline project requires investment worth $3.3 billion, the deputy minister said.
Under the Iranian Oil Ministry's estimates, the Neka-Dzhask pipeline should be put into operation by 2013.