Russian Rosneft buys Armenia’s Petrol MarketNovember 26, 2015 - 14:15 AMT PanARMENIAN.Net - Russian oil company Rosneft has acquired Petrol Market, a network of petrol filling stations in Armenia, for $40 million, TASS reports according to ARKA. The deal was finalized in August 2015. Petrol Market owns a chain of filling stations and tank farms in Armenia. Rosneft is the largest oil and gas company in Russia. Its main shareholder is the government-owned Rosneftegaz that holds 69.5% in Rosneft, another major shareholder being BP (19.75%). Part of the company’s shares are traded at the Russian stock market. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan. Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. |