Oil
Armenia has no proven oil reserves. Most of its oil demands are met through imports from Russia. In Soviet times, this fuel made its way to Armenia via a direct rail link from Armenia-Georgia-Russia, but since the Abkhazia-Georgia border is closed fuel is transported across the Black Sea to Georgia from where it makes its way to Armenia via rail cars. Armenian oil demand is constrained, in large part, due to an economic embargo maintained by Azerbaijan to the East, and Turkey to the West. The embargo began shortly after the secession of Nagorno-Karabakh, an Armenian enclave within Azerbaijan in 1988, and has held, despite a cease fire declared in 1994.
Read more about this topic: Energy In Armenia
Famous quotes containing the word oil:
“To make a good salad is to be a brilliant diplomatist—the problem is entirely the same in both cases. To know exactly how much oil one must put with one’s vinegar.”
—Oscar Wilde (1854–1900)
“Courage, determination, and hard work are all very nice, but not so nice as an oil well in the back yard.”
—Mason Cooley (b. 1927)
“His education lay like a film of white oil on the black lake of his barbarian consciousness. For this reason, the things he said were hardly interesting at all. Only what he was.”
—D.H. (David Herbert)