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Russia's Rosneft agrees with Armenia's Oil Tekhno to set up JV

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  • Russia's Rosneft agrees with Armenia's Oil Tekhno to set up JV

    Prime-Tass English-language Business Newswire, Russia
    April 5, 2013 Friday 9:53 AM EET

    Russia's Rosneft agrees with Armenia's Oil Tekhno to set up JV


    MOSCOW, Apr 5 (PRIME) - Rosneft, Russia's largest state-controlled oil
    company, has signed an agreement with Armenian company Oil Tekhno on
    the creation of a joint venture in the field of oil product marketing
    and supply, the press office of the Armenian government said late on
    Thursday, as cited by RIA Novosti.

    "We are glad that such a serious investor is entering our market, and
    on our part, we will do our best to ensure the successful realization
    of this program," Armenian Prime Minister Tigran Sarkisyan said at the
    ceremony in honor of the document's signing.

    Rosneft's CEO Igor Sechin said that there is presently a necessity to
    establish a serious supplier of oil products, including jet fuel,
    gasoline, and diesel fuel, to Armenia and noted that the joint venture
    is a good platform for cooperating in this field, Sechin said.

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