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Armenian Minister Urges BSEC Members To Alleviate Crisis Impact On E

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  • Armenian Minister Urges BSEC Members To Alleviate Crisis Impact On E

    ARMENIAN MINISTER URGES BSEC MEMBERS TO ALLEVIATE CRISIS IMPACT ON ENERGY SECTOR

    ARKA
    March 20, 2009

    YEREVAN, March 20. /ARKA/. Members of the Black Sea Economic
    Cooperation (BSEC) should do their utmost to alleviate the impact
    of the global financial crisis on the energy sector and boost
    recession-hit economies, said RA Minister of Energy and Natural
    Resources Armen Movsisyan.

    "Taking into account the advantages of the energy sector, BSEC
    member-states should combine their efforts to ensure global energy
    security," the minister was quoted saying.

    Movsisyan stressed the importance of boosting energy market and
    increasing oil and gas exports in the Black Sea region, as well as
    diversifying gas supply routes in EU.

    "The global financial crisis makes us focus on the economic
    appropriateness of measures taken and solve political and technical
    problems despite all the hardships," Movsisyan said.

    Armenia assumed the BSEC chairmanship in November 2008 and will chair
    the organization until April 30, 2009.

    On March 20, MSEC energy ministers met in Yerevan to discuss the
    BSEC-EU program of actions in the energy sector.

    All BSEC energy ministers, with the exception of the Azeri and
    Albanian ministers, are participating in the meeting. Poland, the Czech
    Republic, Belarus and the U.S., as well as EU and EC representatives
    are observing the meeting.
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