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ROSNEFT, ARMENIA'S OIL TECHNO SIGN SHAREHOLDER AGREEMENT ON FUEL JV
Interfax, Russia
Dec 3 2013
YEREVAN/MOSCOW. Dec 3
Rosneft (MOEX: ROSN) and Armenia's Oil Techno have signed the
shareholders agreement for a joint venture that will supply Armenia
with fuel.
Rosneft said in a press release that its president, Igor Sechin,
and Arthur Alaveryan, president of Oil Techno, signed the agreement.
"The JV's primary objective will be to provide Armenia with stable
supplies of high quality petroleum products through wholesale and
retail operations within the territory of the country as well as
through the development of corresponding infrastructure for storage
and distribution of petroleum products in Armenia," Rosneft said.
"The agreement, signed in the presence of Russian President Vladimir
Putin and his Armenian counterpart Serzh Sargsyan, is a step forward
in implementation of the cooperation agreement seeking to set up a
joint venture in marketing and distribution, which was signed between
the parties on April 4, 2013," Rosneft said.
Oil Techno was founded in November 2012 and supplies lubricants
to the Russian market for farmers, transport enterprises and food
industry enterprises.
Pr of
From: Baghdasarian
Interfax, Russia
Dec 3 2013
YEREVAN/MOSCOW. Dec 3
Rosneft (MOEX: ROSN) and Armenia's Oil Techno have signed the
shareholders agreement for a joint venture that will supply Armenia
with fuel.
Rosneft said in a press release that its president, Igor Sechin,
and Arthur Alaveryan, president of Oil Techno, signed the agreement.
"The JV's primary objective will be to provide Armenia with stable
supplies of high quality petroleum products through wholesale and
retail operations within the territory of the country as well as
through the development of corresponding infrastructure for storage
and distribution of petroleum products in Armenia," Rosneft said.
"The agreement, signed in the presence of Russian President Vladimir
Putin and his Armenian counterpart Serzh Sargsyan, is a step forward
in implementation of the cooperation agreement seeking to set up a
joint venture in marketing and distribution, which was signed between
the parties on April 4, 2013," Rosneft said.
Oil Techno was founded in November 2012 and supplies lubricants
to the Russian market for farmers, transport enterprises and food
industry enterprises.
Pr of
From: Baghdasarian