Rosneft mulls construction of rubber plant in Armenia, envoy confirmsFebruary 11, 2014 - 16:46 AMT PanARMENIAN.Net - Rosneft is seriously considering construction of a rubber plant in Armenia, Russian ambassador Ivan Volynkin stated, commenting on the company’s plans on Nairit chemical plant in Yerevan. "The issue being a complicated one, Rosneft is trying to find a mutually beneficial solution. Rosneft, jointly with Pirelli, is mulling construction of a rubber plant for eco-friendly tire production," Volinkin said, according to Arka news agency. On December 25, 2013, Rosneft, Pirelli Tire Russia and Rosneft-Armenia signed a memorandum of understanding in Yerevan to set up a joint venture for butadiene-styrene rubber production. "Nairit specialists engaged in similar work at the old plant, will be in demand at the new production," the diplomat said. As Armenian Prime Minister Tigran Sargsyan said earlier, Rosneft is planning to invest $400 million in construction of a new plant in Armenia. Nairit was the only plant in the Soviet Union producing chloroprene rubber. The plant was closed in 1989 for environmental reasons and partially resumed operations in 1992. 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's operations were suspended in 2010. Related links: 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |