ARMENIAN-RUSSIAN BITUMEN PLANT TO BE FOUNDED IN ARMENIA IN 2009, "MARS" PLANT TO BE PASSED TO RUSSIAN COMPANY SITRONIX FOR MANAGEMENT
Noyan Tapan
Oct 21, 2008
YEREVAN, OCTOBER 21, NOYAN TAPAN. It is envisaged to pass Mars plant,
which has been transferred as property to Russia, to Sitronix company
(Russia) for management. Announcing this at a press conference in
Yerevan, Russian Minister of Transport Igor Levitin said that according
to experts, it is not economically profitable to build an oil refinery
with a capacity of over 5 million tons in Armenia, but the issue will
be discussed again after solving the export problem. It was mentioned
that an Armenian-Russian joint venture – a bitumen producing plant
will be built in Armenia in 2009 under a 20 million dollar investment
project. The plant will produce 45-50 thousand tons of bitumen a year,
with two thirds of its production to be sold in Armenia.
Making a speech at the opening ceremony of the 10th jubilee sitting
of the Armenian-Russian intergovernmental commission in Yerevan,
I. Levitin underlined that economic cooperation of the two countries
is continuing to develop. He did not rule out that the bilateral
commodity turnover may reach 1 billion dollars this year. In his
words, "solutions have been found to the controversial problems whuch
caused heated debates a few years ago: the use of the facilities
owned by Russia, as well as transport, technological, energy and
other problems. Good perspectives have been worked out regarding the
development of relations between the central banks of our countries".
Following the commission’s sitting, a joint press conference was
held, during which Armenian Prime Minister Tigran Sargsian said that
the peculiarity of the sitting was that the solutions to all the
problems in the energy sector were stipulated, and cooperation in
the telecommunication sector will expand.
From: Emil Lazarian | Ararat NewsPress
