Praxair buys Russian gas producerMarch 12, 2012 - 15:19 AMT PanARMENIAN.Net - Praxair, Inc. a U.S.-based worldwide provider of industrial gases bought Volga Azot industrial gas producer from Russia's largest petrochemical group Sibur, Praxair said on Monday, March 12, without disclosing the amount of the deal, RIA Novosti reported. The purchase of Volga Azot based in the Volgograd region in country's south is the fourth largest investment of Praxair in Russia. The Russian subsidiary of the company has invested nearly $250 million in the country's facilities since 2008. The overall capacity of projects implemented by Praxair in Russia exceeds 3,500 tons of gaseous and liquid oxygen, nitrogen, hydrogen and argon per day. President of Praxair Europe Todd Skare was quoted in the company's statement as saying that the Volga Azot purchase broadened sales opportunities of the company and created conditions for Praxair to become a leading industrial gases producer in Russia's south. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. |