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Nairit Plant May Become Largest Consumer Of Oil Refinery In Meghri

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  • Nairit Plant May Become Largest Consumer Of Oil Refinery In Meghri

    NAIRIT PLANT MAY BECOME LARGEST CONSUMER OF OIL REFINERY IN MEGHRI

    ARMINFO News Agency
    February 14, 2007 Wednesday

    The Nairit chemical plant of Yerevan may become the largest consumer
    of an oil refinery which is to be built in Meghri, Syunik region of
    Armenia, under the Armenian-Russian agreement, Radik Martirosyan,
    the President of the Armenian National Academy of Sciences, said in
    his answer to an ArmInfo correspondent's question.

    According to R.Martirosyan, in case this project is implemented,
    Armenia's chemical sphere will develop faster. All the institutions
    of the chemical sector will get an opportunity to work with a new
    oil refinery, he emphasized.

    To note, Viktor Soghomonyan, the press-secretary of the Armenian
    President, has recently announced about the project of construction
    of the oil refinery in Meghri. Particularly, he noted that a lot of
    work has still to be done at the project. According to V.Soghomonyan,
    the Armenian, Russian and Iranian sides will hold negotiations on
    the project of construction and get agreement upon using the oil. All
    the issues will be addressed in the final version of the project.

    To remind, according to Russian sources, the Gazprom Neft company
    intends to build an oil refinery in Armenia and the Iran-Armenia
    oil pipeline. The oil refinery's capacity will be 7 mln tons of oil
    per year. The total value of the project is $1.7 bln, infrastructure
    exclusive. $1 bln will be spent on the infrastructure.
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