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Gasprom Board Vice Chairman: CJSC ArmRusgasprom Is An Exemplary Comp

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  • Gasprom Board Vice Chairman: CJSC ArmRusgasprom Is An Exemplary Comp

    GASPROM BOARD VICE CHAIRMAN: CJSC ARMRUSGASPROM IS AN EXEMPLARY COMPANY IN THE WHOLE POST- SOVIET AREA

    ArmInfo
    2007-09-12 19:45:00

    Armenian-Russian CJSC ArmRusgasprom is an exemplary company in the
    whole post-Soviet area and for Gasprom partners in CIS. Vice Chairman
    of OJSC Gasprom Board, Chairman of the CJSC ArmRusgasprom Board of
    Director Valery Golubev made this statement at a press conference in
    Yerevan on occasion of the 10th anniversary of CJSC ArmRusgasprom.

    He said it is a conclusion the company's shareholders arrived at when
    meeting with President of Armenia Robert Kocharyan, Wednesday. The
    shareholders were satisfied with the growth of all the indicators
    for the ten years. Gas supply in Armenia is one of the highest in
    the world and exceeds even the indicators of Russia. Armenia consumes
    gas also for gas-vehicles. Gas consumption grew also due to the gas
    supply to the population and small enterprises. V. Golubev stressed
    that the company have success also owing to the Armenian leadership,
    particularly, President Robert Kocharyan.

    To recall, CJSC ArmRusgasprom was founded in December 1997. It is an
    exclusive importer of natural gas to Armenia. An additional issue
    at the end of 2006 raised OJSC Gasprom's share in the authorized
    capital of CJSC ArmRusgasprom from the previous 45% to 57.59%. The
    share of the Armenian Government in the authorized capital of the
    company respectively decreased from 45% to 34.70%, the one of ITERA
    fell from 10% to 7.71%.
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