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GAZPROM PLANNING $90M WORTH INVESTMENT IN ARMENIA
22:13 ~U 05.12.13
Gazprom, the Russian gas company whichpurchased 20% of Hayrusgazard's
shares earlier this week, is going to invest $90 million in Armenia's
natural gas sector from 2014 until 2016.
Citing Hayrusgazard, the Russian ITAR-TASS reports that the company
is expected to increase its shares from 80% to 100%.
Hayrusgazard, which is Gazprom's affiliate in Armenia, is planning
to make investments amounting to $37 billion in the coming three years.
As for 2014-2016, the company intends to spend 13,460,000 Armenian
Drams (approx. $550,000) in that period for the reconstruction and
expansion of the underground gas reserves of Abovyan (Kotayk region).
It also plans to direct resources to the reconstruction of the natural
gas delivery and distribution system.
Armenian News - Tert.am
22:13 ~U 05.12.13
Gazprom, the Russian gas company whichpurchased 20% of Hayrusgazard's
shares earlier this week, is going to invest $90 million in Armenia's
natural gas sector from 2014 until 2016.
Citing Hayrusgazard, the Russian ITAR-TASS reports that the company
is expected to increase its shares from 80% to 100%.
Hayrusgazard, which is Gazprom's affiliate in Armenia, is planning
to make investments amounting to $37 billion in the coming three years.
As for 2014-2016, the company intends to spend 13,460,000 Armenian
Drams (approx. $550,000) in that period for the reconstruction and
expansion of the underground gas reserves of Abovyan (Kotayk region).
It also plans to direct resources to the reconstruction of the natural
gas delivery and distribution system.
Armenian News - Tert.am