SKRIN Market & Corporate News
January 26, 2007 Friday 10:26 AM GMT

Putin – Kocharyan on oil refinery on border with Iran

Russian President Vladimir Putin received his Armenian counterpart
Robert Kocharyan in Bocharov Ruchey residence in Sochi on Jan 24,
Kommersant reported.

The Armenian President spoke of Russia’s investment into his
country’s economy. He hinted at the project of building an oil
refinery on the border with Iran, suggesting that Gazpromneft should
carry it out. Iran will supply oil for the refinery,

However, Russian President has not made the final decision about the
oil refinery. Apparently, he is counting political risks, and they
seem to outweight economic profit. Yet, Putin might actually be
attracted by those risks.