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Interfax, Russia
April 5 2013
Rosneft, Armenia's Oil Techno sign agreement on oil products venture
YEREVAN. April 5
Russian state oil major Rosneft (RTS: ROSN) and Armenia's Oil Techno
signed an agreement in Yerevan on Thursday to form an oil products
supply and marketing joint venture, the Armenian government's press
service said.
Armenian Prime Minister Tigran Sargsyan met with Rosneft president
Igor Sechin on Thursday. Sechin and Oil Techno CEO Arthur Alaverdian
signed the agreement on the joint venture in the course of this
meeting.
Sargsyan said Armenia is interested in such cooperation. "We welcome
such a serious investor's entry into the Armenian market and will make
every effort for this program to be successfully implemented,' the
prime minister said.
Sechin said "there is strong potential in supplying jet fuel, gasoline
and diesel fuel to Armenia, and it is a big honor for the company to
create a platform for cooperation in this area."
Armenian imports of oil products dropped 3.3% to 346,403 tonnes in
2012 from 357,861 tonnes in 2011, according to the country's Customs
Service. The customs value of fuel imports dropped to $362 million
from $371.5 million.
Oil Techno was founded in November 2012 by Armen Petrosian with
charter capital of 50,000 dram. The little-known company is a
small-scale wholesaler, according to the State Register of Legal
Entities.
Vp aa
From: Baghdasarian
April 5 2013
Rosneft, Armenia's Oil Techno sign agreement on oil products venture
YEREVAN. April 5
Russian state oil major Rosneft (RTS: ROSN) and Armenia's Oil Techno
signed an agreement in Yerevan on Thursday to form an oil products
supply and marketing joint venture, the Armenian government's press
service said.
Armenian Prime Minister Tigran Sargsyan met with Rosneft president
Igor Sechin on Thursday. Sechin and Oil Techno CEO Arthur Alaverdian
signed the agreement on the joint venture in the course of this
meeting.
Sargsyan said Armenia is interested in such cooperation. "We welcome
such a serious investor's entry into the Armenian market and will make
every effort for this program to be successfully implemented,' the
prime minister said.
Sechin said "there is strong potential in supplying jet fuel, gasoline
and diesel fuel to Armenia, and it is a big honor for the company to
create a platform for cooperation in this area."
Armenian imports of oil products dropped 3.3% to 346,403 tonnes in
2012 from 357,861 tonnes in 2011, according to the country's Customs
Service. The customs value of fuel imports dropped to $362 million
from $371.5 million.
Oil Techno was founded in November 2012 by Armen Petrosian with
charter capital of 50,000 dram. The little-known company is a
small-scale wholesaler, according to the State Register of Legal
Entities.
Vp aa
From: Baghdasarian