Announcement

Collapse
No announcement yet.

Ministry of energy package of solutions for Armenian Nairit expected

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Ministry of energy package of solutions for Armenian Nairit expected

    Ministry of energy package of solutions for Armenian Nairit expected
    in mid September

    YEREVAN, September 4. /ARKA/. Armenia's ministry of energy and natural
    resources will by September 15 submit a package of proposals to solve
    issues related to Nairit chemical plant, to the future of the plant
    and salary arrears in particular, head of the ministry Yervand
    Zakharyan told the activists protesting outside the government
    building on Thursday.

    Unfortunately, not everything has been clarified with Rosneft so far,
    but it is not the only option, the minister said adding possible
    solutions will be suggested under the package to come soon.

    At the end of December 2013, Russian Rosneft, Pirelli Tyre Armenia and
    Rosneft-Armenia signed a memorandum to set up a joint venture for
    production of styrene-butadiene rubber.

    Earlier, ex-premier of Armenia Tigran Sargsyan said Rosneft was
    planning to invest some $400 million in a new chemical plant where
    Nairit's professional staff could find jobs.

    The minister also assured the protesters one month salaries will be
    paid to the staff within the deadline set.

    Nairit was the only plant in the Soviet Union to produce chloroprene
    rubber. The plant was closed in 1989 for environmental reasons and
    resumed operating partially in 1992. In 2001, some production
    facilities were separated from the plant for producing chloroprene
    rubber and a debt-free enterprise based on them was established.

    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 has been at a standstill since April
    2010; the salary arrears were about $12 million as of November 2013.
    -0--


    http://arka.am/en/news/economy/ministry_of_energy_package_of_solutions_for_armeni an_nairit_expected_in_mid_september/#sthash.pp2owlLp.dpuf

Working...
X