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'ArmRosgazprom' CJSC To Invest $25,6 Mln In Reconstruction Of Gas Di

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  • 'ArmRosgazprom' CJSC To Invest $25,6 Mln In Reconstruction Of Gas Di

    'ARMROSGAZPROM' CJSC TO INVEST $25,6 MLN IN RECONSTRUCTION OF GAS DISTRIBUTION NETWORK IN 2008

    ArmInfo
    2008-07-24 17:39:00

    "ArmRosgazprom" Armenian-Russian CJSC is going to invest 7,7 bln
    drams ($25,6 mln) in reconstruction of the gas distribution network
    in 2008, today's message of the Company says.

    It is also scheduled to invest 3 bln drams in construction of the new
    fourth gas distribution station for Yerevan, 1,1 bln drams will be
    sent for relaying of the operating emergency gas pipelines and 3,6
    bln drams - for regulation of gas supply regimes. These works are
    carried out for regulation of regimes, enhancement of the quality of
    gas supply and operational integrity.

    To recall, "ArmRosgazprom" CJSC was created in December, 1997. It
    is an exclusive natural gas importer to Armenia. RA government owns
    22,78% of shares in the authorized capital, "Gazprom" OJSC - 72,16%
    and "ITERA" Company - 5,06%.
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