Russian Rosneft buys Armenia’s Petrol MarketNovember 26, 2015 - 14:15 AMT PanARMENIAN.Net - Russian oil company Rosneft has acquired Petrol Market, a network of petrol filling stations in Armenia, for $40 million, TASS reports according to ARKA. The deal was finalized in August 2015. Petrol Market owns a chain of filling stations and tank farms in Armenia. Rosneft is the largest oil and gas company in Russia. Its main shareholder is the government-owned Rosneftegaz that holds 69.5% in Rosneft, another major shareholder being BP (19.75%). Part of the company’s shares are traded at the Russian stock market. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |