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Hraparak: Rosneft Company Rejects Nairi Deal

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  • Hraparak: Rosneft Company Rejects Nairi Deal

    HRAPARAK: ROSNEFT COMPANY REJECTS NAIRI DEAL

    'Hraparak' paper writes citing its sources that Chairman of Rosneft
    Company Board Igor Sechin and Chairman of Gazprom OJSC Board Alexey
    Miller were expected to visit Armenia on October 16. The management
    of ArmRosGazprom Company was even going to hold a reception, but the
    guests didn't arrive.

    According to the paper's sources close to Russian financial circles,
    the reason is that the Russian side recently forbade the deal of
    transferring Nairit Plant to Russia's largest oil company.

    "The Nairit problem continues to overshadow the working days of
    Armenian prime minister. $70 million that Rhinoville Property Limited -
    the owner of 90% of Nairit shares - received from CIS Interstate Bank
    by pledging Nairit Plant as security increased to $205-300 million
    in 2006, according to various estimates. The Armenian government is
    regularly reminded to repay that debt," the paper notes, adding that
    the problem was also raised during the last visit of the Armenian prime
    minister to Moscow and his meeting with First Deputy Prime Minister
    Igor Shuvalov, but its solution was again postponed indefinitely.

    http://www.aysor.am/en/news/2013/10/17/hraparak/

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