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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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At a meeting with representatives of the tourism industry, Karayan said the sector is capable of creating inclusive added value.
The first stage of work on extending the life of Metsamor NPP for another 10 years until 2026 has also been performed.
This operation will help improve the country’s competitiveness and business environment, said World Bank Country Manager for Armenia.
The financing will be directed to energy efficiency, renewable energy, agribusiness, food processing, education and healthcare projects.
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