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ArmRosGazprom Investments In Armenia For 2010-2012 To Comprise AMD 3

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  • ArmRosGazprom Investments In Armenia For 2010-2012 To Comprise AMD 3

    ARMROSGAZPROM INVESTMENTS IN ARMENIA FOR 2010-2012 TO COMPRISE AMD 31,81 BILLION

    PanARMENIAN.Net
    21.01.2010 16:48 GMT+04:00

    /PanARMENIAN.Net/ ArmRosGazprom CJSC presented company's investment
    program for 2010-2012 to Public Service Regulation Committee.

    According to program presented, total expenditures over the years
    2010-2012 will comprise AMD 31,81 billion, with AMD 7,65 billion
    allocated to transportation system and AMD 24,16 billion to gas
    distribution system.

    Program discussion is currently in progress, ArmRosGazprom press
    service reported.

    Founded in 1997, ArmRosGazprom, a subsidiary of Gazprom, supplies
    gas for the domestic market in Armenia. The company also transports,
    stores, processes, distributes, and sells natural gas; and generates
    electricity, as well as engages in the reconstruction and expansion
    of the gas transportation system and underground storage facilities
    system in Armenia. In addition, it manages gas deliveries from the
    Russian Federation to Armenia, as well as exports to Turkey.

    Currently, the company's authorized capital totals AMD 316.6 billion.
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