WAS "GASPROM" WRONG IN ITS CALCULATIONS?

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[08:07 pm] 31 October, 2006

According to the Russian company "Gasprom," they already possess more
shares in ArmRusGasArd.

Let us remind you that the founders of the Armenian "ArmRusGasArd"
company, the RA Government and "Gasprom," have 45 percent shares and
the Company "Itera" has 10 percent shares.

The representatives of "Gasprom" have lately announced that they
already possess 58 percent of the total shares.

Karen Karapetyan, executive director of "ArmRusGasArd" said his
opinion on this score.

Mr. Karapetyan finds the concern why 70-80 percent of the Armenian
energy sphere should go to one country illogical. This namely refers
to the Iran-Armenia gas pipeline which will be given to "Gasprom"
and after possessing the packet of shares Russia can close the gas
tubes entering to Armenia any time. "It doesn’t matter who the owner
is and what nationality he belongs to. If the country wants efficient
administration, it must alienate certain objects," announced Karen
Karapetyan.

There was an attempt to remind him that "Gasprom" was not estranged
it is still a state institution. But Mr. Karapetyan answered, "Who
says that the energy bloc is liberal in Russia. I think it is more
liberal in Armenia than in any other CIS country."

From: Emil Lazarian | Ararat NewsPress