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Gazprom considers oil refinery project in Armenia near Iran

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  • Gazprom considers oil refinery project in Armenia near Iran

    RIA Novosti, Russia
    Jan 29 2007

    Gazprom considers oil refinery project in Armenia near Iran
    15:50 | 29/ 01/ 2007



    YEREVAN, January 29 (RIA Novosti) - A spokesman for the Armenian
    president confirmed that Russian energy giant Gazprom [RTS: GAZP] was
    considering a project to build an oil refinery in southern Armenia
    near the Iranian border.

    "I can confirm that Russia's Gazprom is considering the possibility
    of building an oil refinery in Armenia," Viktor Sogomonyan said,
    adding that negotiations were in the initial stage.

    He said Armenian President Robert Kocharyan had discussed the project
    during his visit to Russia last week. Russian President Vladimir
    Putin said after the talks that Russian mobile operator VimpelCom
    [RTS: VIMP], aluminum company RusAl and Gazprom would double their
    investment in the Armenian economy to $1.5 billion.
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