ARMROSGASPROM READY TO UNDERTAKE MANAGEMENT OF PART OF
SHARES OF “FACTORY NAIRIT” AGAINST PAY OFF OF DEBT

YEREVAN, MARCH 11. ARMINFO. ArmRosgasprom cjsc is ready to undertake
the management of a part of the shares of “Factory Nairit” cjsc against
pay off of the debts for the used gas, if it results in stable work
of the plant, Chairman of the Bard, General Durector of ArmRosgasprom
cjsc Karen Karapetian stated during the news conference, Friday.

According to him, such a proposal is now being considered at the
enterprise. ArmRosgasprm is interested in the work of Nairit, as it
is the largest gas consumer in the republic. He added that the debt
of Nairit is the most problematic for his enterprise.

As Minister of Energy of the Republic of Armenia Armen Movsisian
informed ARMINF, the shares of the Factory Nairit cjsc will be
transferred to ArmRosgasprom cjsc, Armgasprom cjsc and Yerevan Thermal
Power Plant cjsc, the debt to which total $6 mln, $28 mln and $1.5
mln respectively. The total debt of Factory Nairit to power engineers
totals about $40 mln.