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Armrosgasprom Ready To Undertake Management Of Part Of Shares Of"Fac

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  • Armrosgasprom Ready To Undertake Management Of Part Of Shares Of"Fac

    ARMROSGASPROM READY TO UNDERTAKE MANAGEMENT OF PART OF
    SHARES OF "FACTORY NAIRIT" AGAINST PAY OFF OF DEBT

    YEREVAN, MARCH 11. ARMINFO. ArmRosgasprom cjsc is ready to undertake
    the management of a part of the shares of "Factory Nairit" cjsc against
    pay off of the debts for the used gas, if it results in stable work
    of the plant, Chairman of the Bard, General Durector of ArmRosgasprom
    cjsc Karen Karapetian stated during the news conference, Friday.

    According to him, such a proposal is now being considered at the
    enterprise. ArmRosgasprm is interested in the work of Nairit, as it
    is the largest gas consumer in the republic. He added that the debt
    of Nairit is the most problematic for his enterprise.

    As Minister of Energy of the Republic of Armenia Armen Movsisian
    informed ARMINF, the shares of the Factory Nairit cjsc will be
    transferred to ArmRosgasprom cjsc, Armgasprom cjsc and Yerevan Thermal
    Power Plant cjsc, the debt to which total $6 mln, $28 mln and $1.5
    mln respectively. The total debt of Factory Nairit to power engineers
    totals about $40 mln.
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