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Economic News
March 17, 2005 Thursday

OAO Gasprom is considering the prospects of the purchase of the fifth
energy block of Razdnaskaya TES

Moscow. The working visit to the Republic of Armenia by the OAO
Gasprom delegation has been completed. It was headed by the deputy
Chairman of the Board Alexander Ryazanov. During the visit a meeting
took place between Alexander Ryazanov and the Armenian President
Robert Kocharyan.

The parties discussed the current situation with the supplies of gas
to Armenia, questions related to the condition of the gas
transportation networks of the Republic and neighbouring transit
countries, as well as the project of the construction of the gas
pipeline Iran-Armenia.

Alexander Ryazanov and Robert Kocharyan have considered the activity
of the joint Russo-Armenian eneterpise ArmRosgasprom in 2004, the
plan of the work of SP for the year 2005, the conditions of the use
of Abovyansky PXG and the possibility of increase of its capacity,
the prospects of participation of OAO Gasprom in the purchase of the
fifth energy block of Razdanskaya TES, as well as other questions of
bilateral partnership.