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2.4 Bln Drams To Be Invested In Gas Distribution System Of ArmRosgas

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  • 2.4 Bln Drams To Be Invested In Gas Distribution System Of ArmRosgas

    2.4 BLN DRAMS TO BE INVESTED IN GAS DISTRIBUTION SYSTEM OF ARMROSGASPROM IN 2009

    ARKA
    Apr 10, 2009

    YEREVAN, April 10. /ARKA/. 2.4bln Drams are to be invested in
    reconstruction and capital repair of gas distribution system of
    ArmRosgasprom closed joint stock company, the company's press service
    reported.

    According to the report, of this amount 150mln Drams will be spent
    on settlement of gas supply in multi-apartment blocks of Yerevan.

    Investments will help carry out repair, re-settlement and construction
    of 93 kilometer-long gas pipelines.

    "ArmRosgasprom" holds the monopoly for supply and distribution of
    the Russian natural gas on the domestic market in Armenia. The gas
    is delivered to Armenia via Georgia

    The company was founded in 1997. Its stockholders are "Gasprom"
    open joint stock company (80%) and the Armenian Government
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