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Armenia's Government Continues Negotiations With Rosneft On Nairit

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  • Armenia's Government Continues Negotiations With Rosneft On Nairit

    ARMENIA'S GOVERNMENT CONTINUES NEGOTIATIONS WITH ROSNEFT ON NAIRIT

    16:14, 13 June, 2013

    YEREVAN, JUNE 13, ARMENPRESS: The Government of the Republic of
    Armenia continues the negotiations with the company Rosneft on the
    issue of the Nairit Plant. This was stated by the Minister of Energy
    and Natural Resources of the Republic of Armenia Armen Movsisyan at
    the briefing with the journalists in Armavir, where the Government's
    session is held. "The discussions have not been completed yet. The
    general background is positive", - said Armen Movsisyan. As reported
    by Armenpress, the Minister of Energy and Natural Resources of the
    Republic of Armenia assured that there is not any problematic issue
    in the negotiations with Rosneft.

    The total debt of the Nairit Plant is 100 million AMD. The Ministry
    of Energy and Natural Resources of the Republic of Armenia prepared
    a Reconstruction and Development Investment Plan for Nairit CJSC.

    In 2006 the Rhinoville Property Limited international company purchased
    90% of the shares of the Nairit Plant CJSC. The other 10% belong to the
    Ministry of Energy and Natural Resources of the Republic of Armenia.

    The Nairit Plant CJSC was established in 1940. On December 1 2008 the
    work of the Plant was stopped because of the financial crisis. About
    1,500 employees were dismissed.

    http://armenpress.am/eng/news/722511/armenia%E2%80%99s-government-continues-negotiations-with-rosneft-on-nairit.html



    From: Emil Lazarian | Ararat NewsPress
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