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Russian Itera Intends To Construct Building Materials Plant In Armen

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  • Russian Itera Intends To Construct Building Materials Plant In Armen

    RUSSIAN ITERA INTENDS TO CONSTRUCT BUILDING MATERIALS PLANT IN ARMENIA

    ARKA
    July 8
    YEREVAN

    Itera, a Russian oil and gas company, intends to construct a plant
    of building materials in Armenia, Igor Makarov, said at his meeting
    with Armenian President Serge Sargsyan on Tuesday.

    Presidential press office quoted Makarov as saying that Itera is
    ready to make investments in that.

    At the meeting, Sargsyan and Makarov discussed cooperation programs
    and outlined further steps.

    Itera holds 5.06% of stocks of Armenian-Russian ArmRosgasprom, the
    monopolist in Russian gas import and distribution in Armenia.

    Other shareholders are Gasprom (72%) and Armenian Ministry of Energy
    and Natural Resources (22.78%). M.V.
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