GASPROM BOARD VICE CHAIRMAN: CJSC ARMRUSGASPROM IS AN EXEMPLARY COMPANY IN THE WHOLE POST- SOVIET AREA

ArmInfo
2007-09-12 19:45:00

Armenian-Russian CJSC ArmRusgasprom is an exemplary company in the
whole post-Soviet area and for Gasprom partners in CIS. Vice Chairman
of OJSC Gasprom Board, Chairman of the CJSC ArmRusgasprom Board of
Director Valery Golubev made this statement at a press conference in
Yerevan on occasion of the 10th anniversary of CJSC ArmRusgasprom.

He said it is a conclusion the company’s shareholders arrived at when
meeting with President of Armenia Robert Kocharyan, Wednesday. The
shareholders were satisfied with the growth of all the indicators
for the ten years. Gas supply in Armenia is one of the highest in
the world and exceeds even the indicators of Russia. Armenia consumes
gas also for gas-vehicles. Gas consumption grew also due to the gas
supply to the population and small enterprises. V. Golubev stressed
that the company have success also owing to the Armenian leadership,
particularly, President Robert Kocharyan.

To recall, CJSC ArmRusgasprom was founded in December 1997. It is an
exclusive importer of natural gas to Armenia. An additional issue
at the end of 2006 raised OJSC Gasprom’s share in the authorized
capital of CJSC ArmRusgasprom from the previous 45% to 57.59%. The
share of the Armenian Government in the authorized capital of the
company respectively decreased from 45% to 34.70%, the one of ITERA
fell from 10% to 7.71%.