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ABOUT $500 MILLION PLANNED TO BE INVESTED IN ARMENIA'S NEW CHEMICAL PLANT
YEREVAN, February 25. /ARKA/. About $500 million is planned to be
invested in construction of a new chemical plant in Armenia, Armenia's
premier Tigran Sargsyan told reporters Monday after his meeting with
Russia's premier Dmitry Medvedev.
Sargsyan said head of Rosneft Igor Sechin reported about the investment
programs at the meeting.
"We will be discussing the issue during next week to see what
conditions we should create for these investments so that they are
made within the shortest possible time", Sargsyan said as cited by
the government press office.
The premier also said employees of Nairit chemical plant will be
employed by the new plant.
Nairit was the only plant in the Soviet Union producing chloroprene
rubber. The plant was closed in 1989 for environmental reasons and
resumed operating partially in 1992. In 2006, 90% of Nairit's shares
were sold to British Rainoville Property Limited for $40 million. The
remaining 10% belong to the Armenian government. The plant operations
were suspended in 2010.
On December 25, 2013, Rosneft, Pirelli Tire Russia and Rosneft-Armenia
signed a memorandum of understanding in Yerevan to set up a joint
venture for butadiene-styrene rubber production. Armenia's premier was
cited as saying Rosneft was planning to invest 400 million dollars in
construction of a new plant in Armenia. Russian ambassador to Armenia
Ivan Volinkin said specialists from Nairit will be demanded in the
new plant. -0--
- See more at:
http://arka.am/en/news/economy/about_500_million_planned_to_be_invested_in_armeni a_s_new_chemical_plant_/#sthash.9dA82GfU.dpuf
YEREVAN, February 25. /ARKA/. About $500 million is planned to be
invested in construction of a new chemical plant in Armenia, Armenia's
premier Tigran Sargsyan told reporters Monday after his meeting with
Russia's premier Dmitry Medvedev.
Sargsyan said head of Rosneft Igor Sechin reported about the investment
programs at the meeting.
"We will be discussing the issue during next week to see what
conditions we should create for these investments so that they are
made within the shortest possible time", Sargsyan said as cited by
the government press office.
The premier also said employees of Nairit chemical plant will be
employed by the new plant.
Nairit was the only plant in the Soviet Union producing chloroprene
rubber. The plant was closed in 1989 for environmental reasons and
resumed operating partially in 1992. In 2006, 90% of Nairit's shares
were sold to British Rainoville Property Limited for $40 million. The
remaining 10% belong to the Armenian government. The plant operations
were suspended in 2010.
On December 25, 2013, Rosneft, Pirelli Tire Russia and Rosneft-Armenia
signed a memorandum of understanding in Yerevan to set up a joint
venture for butadiene-styrene rubber production. Armenia's premier was
cited as saying Rosneft was planning to invest 400 million dollars in
construction of a new plant in Armenia. Russian ambassador to Armenia
Ivan Volinkin said specialists from Nairit will be demanded in the
new plant. -0--
- See more at:
http://arka.am/en/news/economy/about_500_million_planned_to_be_invested_in_armeni a_s_new_chemical_plant_/#sthash.9dA82GfU.dpuf