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Integral Petroleum to explore oil, gas in Armenia

Integral Petroleum to explore oil, gas in Armenia

PanARMENIAN.Net - Integral Petroleum company was provided with governmental license for exploration of oil and gas reserves in Armenia at Thursday, November 22 sitting.

The government also approved an agreement stipulating for sharing the products mined.

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Annual deflation in the country was at 1.9% in August, compared to 1.3% deflation in July, according to central bank data.
Armenia has been listed in the top 20 among the world’s most economically free countries, raking the 18th out of 159 countries and territories.
Another of the issues the PM weighed in on was corruption. He said that new committees will be established to tackle the issue.
The foreign debt makes up around $4.5 billion, including the government’s $3.99 billion and the Central Bank’s $502.4 million debts.
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