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New Europe
May 13 2013
Rosneft and Itera in talks for Nairit plant
MAY 12, 2013 - 6:21PM
Russian oil major Rosneft and gas producer Itera are in talks with the
Armenian government to make investments in the country's largest
petrochemical plant, Nairit, which specialises in the production of
chloroprene rubber, news agencies reported. In 2006, 90% of Nairit's
shares were sold to British Rainoville Property Limited for $40
million.
The remaining 10% belong to the Armenian government. According to some
estimates, a comprehensive upgrading of this facility will require
hundreds of millions of dollars.
In 2011 the Armenian government tried to find a managing company for
Nairit. Itera responded, saying it could offer an option to run the
plant, but the government in Yerevan did not accept it. Nairit has
been operating at minimal capacity since a gas price hike in 2010 made
production unprofitable.
http://www.neurope.eu/article/rosneft-and-itera-talks-nairit-plant
May 13 2013
Rosneft and Itera in talks for Nairit plant
MAY 12, 2013 - 6:21PM
Russian oil major Rosneft and gas producer Itera are in talks with the
Armenian government to make investments in the country's largest
petrochemical plant, Nairit, which specialises in the production of
chloroprene rubber, news agencies reported. In 2006, 90% of Nairit's
shares were sold to British Rainoville Property Limited for $40
million.
The remaining 10% belong to the Armenian government. According to some
estimates, a comprehensive upgrading of this facility will require
hundreds of millions of dollars.
In 2011 the Armenian government tried to find a managing company for
Nairit. Itera responded, saying it could offer an option to run the
plant, but the government in Yerevan did not accept it. Nairit has
been operating at minimal capacity since a gas price hike in 2010 made
production unprofitable.
http://www.neurope.eu/article/rosneft-and-itera-talks-nairit-plant