Joint Armenian-Russian oil supply, marketing enterprise to be formed

Joint Armenian-Russian oil supply, marketing enterprise to be formed

PanARMENIAN.Net - Prime Minister Tigran Sargsyan met with the delegation of Rosneft Russian oil giant led by the chairman Igor Sechin.

At the meeting, Sargsyan welcomed the joint Rosneft-Oil Techno project for marketing and supply of oil products in Armenia.

Sechin, in turn, stressed Armenia’s major potential in oil products supply, hailing the cooperation to be established.

In conclusion, an agreement for a joint enterprise was signed between Rosneft and Oil Techno, with the Armenian company represented by CEO Artur Alaverdyan.

 Top stories
The PM said the impact of the agreement on ordinary consumers will be announced once relevant authorities consider the issue.
Azerbaijan is highly dependent on oil revenues and its preliminary 2016 budget indicates reductions in military spending, the report says.
Karen Chshmarityan stressed the importance of developing bilateral ties within the Eurasian Economic Union.
"It remains therefore ideally positioned to be the home base for a global financial institution such as HSBC," the bank said.
Partner news