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Russia's state oil producer may enter Armenian market

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  • Russia's state oil producer may enter Armenian market

    Russia's state oil producer may enter Armenian market

    news.am
    August 13, 2012 | 13:00

    Russia's state oil producer Rosneft plans to enter Armenia's fuel
    market, a source told Russia's Kommersant daily.

    The offer was made by Armenia's officials. Rosneft may become the main
    oil product supplier to Armenia. It is likely to found a joint venture
    with one of the local companies to build petrol stations and a
    fuelling complex at Armenia's international airport in Yerevan.
    According to the source, the first talks may be held in late August.
    However, Russia's oil producer is not commenting on the reports.

    The volume of Armenia's oil product market is estimated at 340-360
    tons imported per year.

    A fueling complex built at Zvartnots airport is owned by Mikhail
    Bagdasarov, owner of the national air carrier Armavia. Newspaper's
    source in one of the Russian air companies flying to Yerevan said
    Armavia is the only company to use fueling complex because of high
    price.

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