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Rosneft, Armenia's Oil Techno Sign Joint Venture Agreement

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  • Rosneft, Armenia's Oil Techno Sign Joint Venture Agreement

    ROSNEFT, ARMENIA'S OIL TECHNO SIGN JOINT VENTURE AGREEMENT

    YEREVAN, December 3. /ARKA/. Major Russian oil company Rosneft
    and Armenia's Oil Techno closed joint stock company have signed an
    agreement about a new joint venture, the Russian company reported.

    The main aim of the new enterprise is to ensure stable and high-quality
    oil supplies to Armenia through wholesale and retail networks and to
    develop the required storage and distribution infrastructures in the
    Republic of Armenia, says the report.

    The document has been signed in the presence of the two countries'
    presidents Vladimir Putin and Serzh Sargsyan and has become the next
    step in implementing the previous agreement about a joint venture in
    marketing and distribution signed between the sides on April 4 2013,
    Novosti-Armenia reports.

    Last year Commersant newspaper, referring to its sources, said Rosneft
    was considering the possibility of becoming the main supplier of oil
    products to Armenia through a joint venture. -0--

    - See more at:
    http://arka.am/en/news/business/rosneft_armenia_s_oil_techno_sign_joint_venture_ag reement/#sthash.ZFrhgjyT.dpuf


    From: Baghdasarian
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