Karen Karapetyan: Armenia Must Become One Of The Energy Centers Of T

KAREN KARAPETYAN: ARMENIA MUST BECOME ONE OF THE ENERGY CENTERS OF THE REGION

ArmInfo
2008-12-01 21:05:00

ArmInfo. Armenia must become one of the energy centers of the region,
the chairman of the board-director general of ArmRosgazprom CJSC
Karen Karapetyan said during the welding of the last joint of the
Kajaran-Ararat section of the Iran-Armenia gas pipeline.

ArmRosgazprom’s stable development can help Armenia in the matter.

"I would like to thank the leaders of our country, particularly,
the second president of Armenia Robert Kocharyan, for their support,"
Karapetyan said.

He pointed out that the cooperation between Armenia and Gazprom
was an example of effective partnership that made possible the most
ambitious projects. The idea to build Iran-Armenia gas pipeline arose
in the mid 1990s. The project was launched in 2007 after signing of
a contract between the Government of Armenia and Gazprom OJSC and has
been completed very quickly. The strategic goal of ArmRosgazprom is to
make Armenia one of the energy centers of the region by implementing
lots of big and important projects. "This means that you will see
more such ceremonies in the future," Karapetyan said.

To remind, Gazprom owns 75.55% of shares of ArmRosgazprom, 20% belong
to the Government of Armenia, 4.44% to Itera. The total capital of
the company is almost $580mln