RUSSIAN COMPANIES CONSIDER NAIRIT CHEMICAL PLANT MODERNIZATION
May 7, 2013 – 13:52 AMT
PanARMENIAN.Net – Russian company Itera, jointly with Rosneft OAO, is
considering the possibility of modernizing Armenia’s Nairit chemical
plant, Russian media reported.
Armenian acting Minister of Energy and Natural Resources Armen
Movsissyan earlier said that the plant modernization will cost about
$400-500 mln in investments.
In 2006, 90% of Nairit shares were sold to British Rainoville Property
Limited for $40, with Armenian government owning the rest 10% shares.
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