Oil, Gas To Be Explored In Armenia

OIL, GAS TO BE EXPLORED IN ARMENIA

PanARMENIAN.Net
May 20, 2011 – 11:00 AMT

During the May 20 meeting, Armenian government decided to issue a
license to explore reserves of gas and oil in the republic. According
to Minister of Energy and Natural Resources Armen Movsisyan, the
license will be tendered.

Oil exploration works were launched in Armenia in 1940-50, when
unprofitable oil and gas was found in some wells.

From: Baghdasarian