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Karen Karapetyan: Armenia Must Become One Of The Energy Centers Of T

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  • Karen Karapetyan: Armenia Must Become One Of The Energy Centers Of T

    KAREN KARAPETYAN: ARMENIA MUST BECOME ONE OF THE ENERGY CENTERS OF THE REGION

    ArmInfo
    2008-12-01 21:05:00

    ArmInfo. Armenia must become one of the energy centers of the region,
    the chairman of the board-director general of ArmRosgazprom CJSC
    Karen Karapetyan said during the welding of the last joint of the
    Kajaran-Ararat section of the Iran-Armenia gas pipeline.

    ArmRosgazprom's stable development can help Armenia in the matter.

    "I would like to thank the leaders of our country, particularly,
    the second president of Armenia Robert Kocharyan, for their support,"
    Karapetyan said.

    He pointed out that the cooperation between Armenia and Gazprom
    was an example of effective partnership that made possible the most
    ambitious projects. The idea to build Iran-Armenia gas pipeline arose
    in the mid 1990s. The project was launched in 2007 after signing of
    a contract between the Government of Armenia and Gazprom OJSC and has
    been completed very quickly. The strategic goal of ArmRosgazprom is to
    make Armenia one of the energy centers of the region by implementing
    lots of big and important projects. "This means that you will see
    more such ceremonies in the future," Karapetyan said.

    To remind, Gazprom owns 75.55% of shares of ArmRosgazprom, 20% belong
    to the Government of Armenia, 4.44% to Itera. The total capital of
    the company is almost $580mln
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