  Russian companies consider Nairit chemical plant modernization May 7, 2013 - 13:52 AMT PanARMENIAN.Net - Russian company Itera, jointly with Rosneft OAO, is considering the possibility of modernizing Armenia’s Nairit chemical plant, Russian media reported. Armenian acting Minister of Energy and Natural Resources Armen Movsissyan earlier said that the plant modernization will cost about $400-500 mln in investments. In 2006, 90% of Nairit shares were sold to British Rainoville Property Limited for $40, with Armenian government owning the rest 10% shares.   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 |  Latest news Lemkin Institute petition seeks release of Armenians in Azerbaijan  The Lemkin Institute is deeply concerned about the continued illegal detention of political prisoners from Karabakh in Azerbaijan.Armenian Catholicos calls for national unity against threats Karekin II issued a message on Republic Day marking the anniversary of the First Armenian Republic.Pashinyan: Armenia’s desired goal is “on the horizon” Prime Minister Nikol Pashinyan has said that Armenia is moving forward “without interruption”.Opposition leader, supporters spend night at Sardarapat memorial Police made nearly 300 arrests the day before as Galstanyan and his supporters continued to demonstrate in Yerevan. |
