ArmRosGazprom investments in Armenia for 2010-2012 to comprise AMD 31,81 billion

January 21, 2010 - 16:48 AMT
PanARMENIAN.Net - ArmRosGazprom CJSC presented company's investment program for 2010-2012 to Public Service Regulation Committee.

According to program presented, total expenditures over the years 2010-2012 will comprise AMD 31,81 billion, with AMD 7,65 billion allocated to transportation system and AMD 24,16 billion to gas distribution system.



Program discussion is currently in progress, ArmRosGazprom press service reported.



Founded in 1997, ArmRosGazprom, a subsidiary of Gazprom, supplies gas for the domestic market in Armenia. The company also transports, stores, processes, distributes, and sells natural gas; and generates electricity, as well as engages in the reconstruction and expansion of the gas transportation system and underground storage facilities system in Armenia. In addition, it manages gas deliveries from the Russian Federation to Armenia, as well as exports to Turkey. Currently, the company's authorized capital totals AMD 316.6 billion.
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