PETROLEUM PRICE RISE EXPECTED IN ARMENIA

Panorama.am
12:17 17/07/06

Mushegh Elchyan, expert of "Flash", one of the leading oil traders
in Armenia told Panorama.am that the rise on oil in the international
market will undoubtedly affect the internal market in Armenia.

In his words, prices per 1 tone of petroleum have gone up by $300
amounting to $800 against the beginning of the year. The expert could
not tell how much the prices will rise. He said several factors
affected rise in oil prices, among them Iranian nuclear problem,
devaluation of American dollar, fuel deficit, stable rise in prices
in the international market and the recent incidents in Lebanon. In
his words, volume of import is not affected yet.

Note: At the moment 1 liter of Regular type petroleum costs AMD 380,
Premium – AMD 400 and Super -AMD 420./Panorama.am/