YEREVAN ARRANGEMENTS WITH GAZPROM IMPLEMENTED
by Mikhail Petrov

ITAR-TASS, Russia
Oct 30 2006

All of Yerevan's arrangements with Gazprom are being implemented,
Armenian President Robert Kocharyan told Russian President Vladimir
Putin on Monday.

"All serious talks on energy projects with Gazprom enter the stage of
implementation," Kocharyan said. In this connection he remarked that
the situation with capital investment, when Russia rates third for the
volume of investment in Armenia, should change. "This situation will
surely change over next year; I have no doubt of that," Kocharyan said.

He also said the implementation of the "Armenal" project, to be one
of the biggest enterprises in the region, had begun a few days ago.

("Armenal" will account by 2008 for up to 2.5 percent of world output
of thin foil - Itar-Tass).