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Armenian Government To Increase Its Share In "ArmRusGazard" Statutor

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  • Armenian Government To Increase Its Share In "ArmRusGazard" Statutor

    ARMENIAN GOVERNMENT TO INCREASE ITS SHARE IN "ARMRUSGAZARD" STATUTORY CAPITAL

    ARMENPRESS
    4 September, 2012
    YEREVAN

    YEREVAN, SEPTEMBER 4, ARMENPRESS: Armenian Government will undertake
    measures aimed at increasing the share of the Republic of Armenia in
    "ArmRusGazrad" company~Rs statutory capital. As Armenpress reports
    citing Government~Rs official web site, the issue is included in the
    agenda of Executive~Rs September 6 session . Within the framework
    of the events gas distribution pipelines of Shirak, Lori, Tavush
    and Syunik Provinces , worth overall 139 million 446.5 thousand AMD
    built by various projects, are schedule to be donated to the Republic
    of Armenia in accordance with to the legislation of the Republic of
    Armenia in the name of Ministry of Energy and Natural Resources.Gas
    pipelines as the property of the Republic, will be invested in
    "ArmRusGazard" statutory capital and reportedly additional shares
    will be released. 80 percent of "ArmRusGazard" is owned by Russian
    "Gazprom" OJSC company, 20 percent by Armenia~Rs Government in the
    name of Ministry of Energy and Natural Resources.


    From: Baghdasarian
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