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Ukraine to Help Build Iran-Europe Gas Pipeline Consortium

Posted on: Friday, 15 July 2005, 00:00 CDT

KYIV. July 14 (Interfax-Ukraine) - Ukraine plans to join an international consortium to build a gas pipeline for transportation of Iranian gas to Europe, Ukrainian National Defense and Security Council Chairman Pyotr Poroshenko said at a press conference Thursday.

Poroshenko said he had discussed the issue during his visit to Iran.

Talks with Iran were being held when Viktor Yuschenko was prime minister (in 2000), he said.

Several possible routes through Armenia, Georgia, Russia, and also Turkey and the Black Sea have been considered, he said.

The experts have six weeks to calculate the costs and profit margins of the routes and determine which is best, he added.

Deputy energy ministers from the countries interested in the pipeline are to meet in Iran on July 24-25, Poroshenko said. Specific deadlines and the list of countries taking part will be determined at the meeting.

The project could cost over $10 billion and see over one thousand kilometers of pipeline in Iranian territory alone, he said.

"Iran is ready to take part in financing the laying of the gas pipeline in its territory and guarantee determined volumes of gas supplies and fix prices for the recoupment period," he said.

Source: Daily News Bulletin; Moscow - English

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