Armenia claims world leadership in gasification

PanARMENIAN.Net - Given the ArmRosgazprom's activities, Armenia's savings in the transport sector amount to $180-200 million while the population saves some $300 million, ArmRosgazprom Director General Karen Karapetian said at today's meeting of the company's shareholders dedicated to ArmRosgazprom 10th birthday.



ArmRosgazprom's strategic aim is to establish an energy gas company of regional significance and secure its participation in local and foreign energy projects, he said.



"The company's investments totaled $110 during recent ten years. This figure presents ArmRosgazprom as one of major depositors in Armenia's economy. The gasification program is supposed to be accomplished by the end of 2007. However, to date Armenia claims leadership not only among the CIS member countries but also in the world. Armenia has succeeded in creating favorable conditions for attracting capitals," Karen Karapetian said adding that GazpromBank is expected to enter the Armenian financial market in the near future.